Image Source : RealtynMore
Vertis Infrastructure Trust has successfully secured ₹9 billion through a landmark sustainability-linked bond, reinforcing its commitment to responsible infrastructure financing.
Key Highlights:
- The bond was raised from International Finance Corporation (IFC) and India Infrastructure Finance Company Limited (IIFCL).
- This marks one of the largest InvIT debt raises in India, backed by AAA ratings and a strong debt service coverage ratio of 3.8x.
Strategic Significance:
- Funds will support long-term infrastructure projects aligned with environmental and social benchmarks.
- The financing structure includes a mix of fixed and floating debt, creating a natural hedge against interest rate volatility.
Growth Outlook:
- Vertis has grown its assets under management fivefold since listing in 2022, now reaching ₹259 billion.
- The trust’s portfolio spans 27 road assets across 10 states, with a residual life of 14.3 years.
Sources: Vertis Annual Report, Realty+, Rediff Money Desk.
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