49975
NDR InvIT Trust
Dec 20, 2024
India
South Asia
Nov 14, 2024
B - Limited
Active
Jan 4, 2025
Regional Industry - INF Asia & Pac
Infrastructure
Approved : Nov 25, 2024
Signed : Dec 11, 2024
Invested : Dec 24, 2024
Storage (Including Agricultural Products)
The proposed IFC investment is a senior secured loan of up to US$150 million through subscription to non-convertible listed debt securities/debentures to be issued by NDR InvIT Trust (“the InvIT” or “NDR”). The said investment and any future investments up to the amount approved by the Board would be made in multiple tranches.
NDR is a AAA-rated entity that is India’s first and largest warehousing infrastructure investment trust (“InvIT”) with a market capitalization of US$481 million as of October 2024. NDR currently owns and manages close to 17 million square feet (sq. ft) of warehousing space across 33 parks in India. This warehousing space is contracted out on long-term contracts with a fixed payment stream to a diversified set of national and multinational customers.
NDR InvIT Managers Private Limited serves as the IM for the NDR InvIT Trust.
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Local Access of Project Documentation
Project data available on IFC disclosures page.