Signature Global raised ₹875 crore via Non-Convertible Debentures from IFC to fund mid-income sustainable housing projects and debt repayment, marking its first listed debt transaction on BSE. The move underscores the company's commitment to ESG standards and expansion, aiming for ₹1.25 lakh crore sales bookings in FY26.
Signature Global, a prominent real estate developer based in Gurugram, has raised ₹875 crore through private placement of Non-Convertible Debentures (NCDs) subscribed by IFC. The NCDs bear an 11% coupon rate, have a tenure of just over 3 years, and mature in January 2029. This is Signature Global's first listed debt transaction, with the NCDs listed on the Bombay Stock Exchange (BSE).
The funds will be strategically utilized to advance mid-income housing projects aligned with Environmental, Social, and Governance (ESG) standards, reflecting the company's commitment to sustainability. Over 50% of the raised capital will be allocated to retiring existing debt, strengthening the company’s balance sheet, while the remainder will be invested in land acquisition and project development, including a significant land purchase in Sohna, Gurugram.
Signature Global holds a strong market presence in the National Capital Region and aims for robust sales bookings of ₹1.25 lakh crore in the current financial year. Its portfolio includes multiple EDGE-certified projects, demonstrating a focus on energy-efficient and sustainable real estate development.
Major Takeaways:
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₹875 crore raised through NCDs, subscribed by IFC, with an 11% coupon rate.
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Funds to support mid-income, ESG-aligned housing projects and debt repayment.
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NCDs listed on BSE, marking Signature Global's debut in listed debt.
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Strong focus on sustainability with 17+ EDGE-certified projects.
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Significant land acquisition in Sohna for project expansion.
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Aim to achieve ₹1.25 lakh crore in sales bookings for FY26.
Source: Business Standard, Financial Express, Economic Times, ScanX Trade.