India, Oct. 30 -- Signature Global (India) Ltd., one of India's leading real estate developers, on Tuesday announced that it has successfully raised '8.75 billion through a private placement of Non-Convertible Debentures (NCDs) to the International Finance Corporation (IFC), the private sector lending arm of the World Bank Group.
The NCDs, rated 'A+ Stable' by Care Edge Ratings, have already been listed on the Bombay Stock Exchange (BSE), marking Signature Global's first-ever listed debt transaction. The three-year, two-month and 30-day NCDs carry a coupon rate of 11 per cent and are set to mature on 15 January 2029.
The proceeds from this maiden listed debt issuance will be utilised to develop mid-income and environmentally sustainable (...