PE-RE Fund Investments
Realtor Signature Global raises Rs.875-Cr from IFC
Economic Times Signature Global
Gurugram-based realty developer Signature Global has raised INR 875 crore through a private placement of Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC). These NCDs, rated 'A+' stable by Care Edge Ratings, have a coupon rate of 11% and a tenure of 3 years, 2 months, and 30 days, maturing on January 15, 2029. This transaction marks Signature Global's first-ever listed debt issue on BSE.The company plans to use over 50% of the funds to retire debt, with the balance allocated for acquiring land in Sohna, Gurugram. Signature Global has a significant launch pipeline for the second half of FY26, comprising projects worth INR 12,000-13,000 crore spread across 7-8 million sq ft, most of which are designed to be self-sustainable, reducing the need for additional funding.
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