Gurugram-based listed real estate developer Signature Global (India) Ltd has raised Rs 875 crore through a private placement of Non-Convertible Debentures (NCDs) to the International Finance Corporation (IFC), the lending arm of the World Bank.

Having a coupon rate of 11 percent, the tenure of the NCDs is for 3 years, 2 months and 30 days. The NCDs will mature on January 15, 2029. NCDs function as debt instruments, where investors lend money to the developer and, in return, receive a predetermined interest rate over a specified duration.

Pradeep Aggarwal, Founder and Chairman, Signature Global, said that the company will Signature Global will utilise the proceeds to develop mid-income housing and ESG aligned projects.

“We have raised Rs 875 crore by issuance of NDCs to the Internati

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