Debt financing
Realtor Total Environment raises Rs.175-Cr from Stanchart via listed green NCDs
Bengaluru-based Total Environment Resorts , a subsidiary of Total Environment Group, has raised INR 175 crore through listed, rated non-convertible debentures (NCDs). This issuance marks the first listed green NCD by an Indian real estate developer. Standard Chartered Bank acted as the sole arranger and green coordinator for the transaction.Total Environment is a developer of residential properties, with over 64 projects. The proceeds from this NCD issuance will be primarily used for developing a residential real estate project in Bengaluru, which has received pre-certification at the Indian Green Building Council (IGBC) - Green Homes Platinum level.
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