Mindspace REIT raises Rs 5.5 billion through SLBs

Mindspace Business Parks, a real estate investment trust (REIT), has raised Rs 5.5 billion through sustainability-linked bonds (SLBs) from the International Finance Corporation (IFC). This is the first SLB issuance by a REIT since the Securities and Exchange Board of India (SEBI) introduced its new environmental, social, and governance (ESG) framework in June 2025. Previously, in June 2024, the REIT raised Rs 6.5 billion through an SLB issuance, which was also subscribed by IFC.