Mindspace Business Parks REIT secures Rs 650 crore from IFC
Commercial real estate firm Mindspace Business Parks REIT has secured a Rs 650 crore sustainability-linked bond from the International Finance Corporation (IFC). As per the firm coupon of the bond is linked to Mindspace’s commitment to achieving certain ESG (Environmental, social, and governance) targets towards building a greener eco-system and the tenure is for 7 years.
The developer has undertaken certain ESG targets, including reduction of greenhouse gas (GHG) emissions, increasing the share of green certified area for existing buildings (under operations and maintenance), and reduction in energy intensity.
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