CHENNAI: TVS Infrastructure Trust, an Infrastructure Investment Trust (InvIT) sponsored by TVS Industrial & Logistics Parks (TVS ILP), onMonday said that it has raised Rs 830 crore under tranche-1 of its Rs 1,100 crore Non-Convertible Debenture (NCD) programme.
The company, in a statement, said the funds were raised through a 20-year, long-tenor bond issuance, anchored by the National Bank for Financing Infrastructure and Development (NaBFID).
“This long-tenor bond issuance, extending up to the year 2046, is among the first of its kind in India’s industrial infrastructure space,” Ravi Swaminathan, founder-vc, TVS ILP, said.
The bonds are rated AAA by ICRA. TVS ILP is backed by a broad, diversified shareholder base of over 150 investors.