Brookfield India Reit Raises ₹2,000 Cr via India’s Largest Sustainability-Linked Bond Issuance

Brookfield India Real Estate Trust has raised ₹2,000 crore through the issuance of sustainability-linked bonds (SLBs), marking the largest such fundraising by a Reit in India to date. The five-year bonds were anchored by the International Finance Corporation (IFC) and witnessed participation from a diversified pool of marquee investors. The issuance has been rated Crisil AAA/Stable by Crisil Ratings and Icra AAA/Stable by Icra, underlining strong credit quality and investor confidence.

The proceeds from the SLB issuance will be utilised for providing shareholder loans to select Reit entities and for general corporate purposes. What sets this transaction apart is its direct linkage between financing costs and sustainability outcomes. The bonds are tied to measurable key performance indicators (KPIs) on renewable energy adoption and water stewardship, incentivising higher renewable energy usage, improved water recycling, and enhanced resource efficiency across Brookfield India Reit’s portfolio. The Reit has committed to achieving net-zero emissions by 2040 or earlier and building a water-positive operating framework.

IFC said the investment aligns with its strategy to support resilient urban development and sustainable commercial infrastructure in India, particularly for the growing Global Capability Centre (GCC) ecosystem. Brookfield India Reit currently manages 10 Grade A office assets spanning 29.1 million square feet across key Indian markets. The SLB fundraise complements its broader expansion strategy, following a ₹3,500 crore qualified institutional placement earlier this month, with funds earmarked for portfolio expansion, debt repayment, and the acquisition of the 7.7 million sq ft Ecoworld office campus in Bengaluru.

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