Vertis Infrastructure Trust raises Rs 9 billion through SLBs

Vertis Infrastructure Trust, formerly Highways Infrastructure Trust (HIT), has raised Rs 9 billion through sustainability-linked bonds (SLBs). This marks the largest issuance of SLBs by an InvIT in India. The proceeds will be utilised to support the recent acquisition of toll-operate-transfer (TOT) bundle 16. International Finance Corporation (IFC) has emerged as the anchor investor. The SLB carries a fixed 10-year coupon rate of 7.40 per cent.