TVS Infrastructure Trust secures ₹830 crore in 20 year bond issuance
The ₹1,100 crore programme includes this 20-year bond issuance, one of the longest-tenor debt raises in the Indian industrial and warehousing InvIT segment.;
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TVS Infrastructure Trust, an Infrastructure Investment Trust (InvIT) sponsored by TVS Industrial & Logistics Parks (TVS ILP), announced that it has successfully raised ₹830 crore under Tranche I of its non-convertible debenture (NCD) programme.
The issuance is part of a larger ₹1,100 crore programme and is notable for its 20-year tenor, marking it as one of the longest-tenor debt fund raises in the Indian industrial and warehousing InvIT segment.
The National Bank for Financing Infrastructure and Development (NaBFID) served as the anchor investor for this issuance.
The first tranche of the issuance successfully raised ₹830 crore with a 20-year tenor, maturing in 2046. The notes carry a coupon rate of 7.42% and have been assigned a credit rating of AAA by ICRA. NaBFID acted as the anchor investor for this issuance.
The company stated that the remaining ₹270 crore (Tranche 2) will be raised based on market conditions and strategic requirements.
Ravi Swaminathan, Founder and Vice Chairman of TVS ILP said, “This long-tenor bond issuance, extending up to the year 2046, is among the first of its kind in India’s industrial infrastructure space. It reflects our conviction in building durable, future-ready assets that are aligned with the country’s long-term developmental priorities. The structure and maturity of this investment resonate strongly with the Prime Minister’s vision for strengthening India’s infrastructure foundation as the nation advances towards India@100.”
TVS Infrastructure Trust is backed by a diversified shareholder base of over 150 investors, including the International Finance Corporation (IFC), L&T, family offices, and other global and domestic institutions.
Nitin Aggarwal, CEO of TVS Infrastructure Trust said, “As we work towards expanding our portfolio to 20 million square feet, we remain focused on deepening our presence in emerging Tier 2 and Tier 3 markets. By adding high-quality assets leased to a diversified customer base across manufacturing, e-commerce, FMCG, and FMCD sectors, we aim to create enduring value for all stakeholders.”