Mindspace REIT Raises ₹550 Crore from IFC via Sustainability-Linked Bonds

Mindspace Business Parks REIT, backed by K Raheja Corp, has announced the successful raising of ₹550 crore from the International Finance Corp. (IFC), a member of the World Bank Group. The funds were mobilised through IFC’s subscription to sustainability-linked bonds (SLBs), bringing the total SLB issuance by Mindspace REIT to ₹1,200 crore.

Milestone in ESG-Linked Financing

This transaction marks the first issuance of a sustainability-linked bond by a REIT since the Securities and Exchange Board of India (SEBI) introduced its new framework for ESG-compliant debt securities. 

The ₹550-crore issuance carries an eight-year tenure, a semi-annual coupon of 7.414%. Shardul Amarchand Mangaldas served as the legal advisor for the deal. This follows a similar ₹650-crore transaction undertaken by the REIT last year.

Strengthening the Sustainability Roadmap

As per news reports, Ramesh Nair, Managing Director and Chief Executive Officer of Mindspace REIT, stated: “With this issuance, we're taking a big step forward on our sustainability journey. Being the first REIT to raise Sustainability Linked Bonds under SEBI's new ESG framework shows our intent to lead from the front. Partnering with IFC gives us global backing, and it will help us drive energy efficiency, add more green-certified space, and build a portfolio that’s ready for the future.” 

SLBs are structured to help issuers achieve pre-defined ESG targets, with provisions such as reduced interest rates once sustainability goals are met.

Read More: Indian REITs Distribute Over ₹6,000 Crore in FY25, Marking 13% Annual Growth!

Mindspace REIT Share Performance 

As of August 21, 2025, at 9:56 AM, Mindspace REIT share price is trading at ₹422.02 per share, reflecting a decline of 0.66% from the previous closing price.

Conclusion

The IFC investment positions Mindspace REIT as a pioneer in India’s sustainable debt market. By integrating ESG objectives with fundraising, the REIT is reinforcing its long-term vision of creating a portfolio that is both environmentally responsible and financially resilient.

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