Cash, Confidence, and Commercial Papers: Nexus Select Trust’s Next Leap

Nexus Select Trust, India's largest listed retail REIT in the public market, has received board approval to raise ₹1,700 crore by issuing a mix of commercial papers (CPs) and nonconvertible debentures (NCDs). This is as part of its overall capital structure optimisation proposal to support future acquisitions and asset improvement in its retail portfolio.

 

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Prospects:

With its solid tenant demand and strong pipeline of acquisitions, Nexus Select Trust will double its retail NOI in five years. Its recent debt issuance gives it the firepower to remain competitive in India's fastunfolding consumption story.

 

Sources: Economic Times Retail, Business Standard, Nexus Select Trust Board Filings