Real estate developer Signature Global has announced that it is raising ₹875 crore through the private placement of non-convertible debentures (NCDs) to the International Finance Corporation (IFC), the World Bank’s lending arm. The NCDs, carrying a coupon rate of 11% and a tenure of a little over three years, mark the company’s first-ever listed debt transaction, further strengthening its capital market presence in partnership with IFC.

Of the total proceeds, about ₹470 crore will go toward repaying existing debt, while the remainder will be used to develop mid-income housing and ESG-compliant projects, including land acquisition, said Pradeep Aggarwal, Founder and Chairman, Signature Global. IFC, which already holds around 1% equity stake in the company, continues to support its sustainability-led growth strategy, according to a report by Business Standard.

The developer had a net debt of around ₹900 crore at the end of second quarter of this fiscal, according to its previous regulatory filings.

Aggarwal added that the remaining fund would be utilised for development of projects, including land acquisition.

“As an environmentally conscious developer, we at Signature Global are focusing on developing environmentally sustainable projects and are committed to fulfilling all the ESG requirements in all our future projects,” he added.

Having a coupon rate of 11 per cent, the tenure of the NCDs would be three years, two months and 30 days. This pegs the date of maturity for the instrument as January 15, 2029. The NCDs are listed on the exchanges.

The move also marks the first ever listed debt transaction of Signature Global, strengthening the company’s capital market presence in partnership with IFC.

IFC has previously made an equity investment in Signature Global and currently holds about 1 per cent equity stake in the realty firm.

Aggarwal added that going forward the developer would be focusing on its main areas of Dwarka Expressway, Sohna and Southern Peripheral Road (SPR) in Gurugram. He stated while the company remains interested in Delhi and Noida, any deals would depend on the opportunities they get there.

Signature Global chief executive officer (CEO) Rajat Kathuria said that the developer is sure to meet its pre-sales target of ₹12,500 crore for FY26, considering the strong launch pipeline for the next five months.