IFC Drives Sustainable Roads: Invests $98.35 Million in India's First Infrastructure SLB

The International Finance Corporation (IFC) has made a groundbreaking investment of $98.35 million (₹860 crore) in India's first sustainability-linked bond (SLB) for the road sector, issued by Cube Highways Trust. Announced on February 13, 2025, this pioneering financial instrument aims to enhance critical road infrastructure while promoting sustainable practices. The SLB will fund the acquisition of key expressways and support Cube Highways Trust's long-term sustainability initiatives. This landmark partnership is expected to mobilize additional capital, driving advancements in India's road infrastructure while upholding global Environmental, Social, and Governance (ESG) standards. The move marks a significant step towards integrating sustainability into India's infrastructure financing landscape.

Sources: NSE Archives, CNBC TV18, IFC Disclosure