Vertis Infrastructure Trust (formerly Highways Infrastructure Trust), a SEBI-registered InvIT, has successfully raised Rs900 crore through a Sustainability-Linked Bond (SLB) — marking the largest SLB issuance by an Indian InvIT to date. Anchored by a Rs450 crore investment from International Finance Corporation (IFC), the deal underscores rising global confidence in India’s ESG-financing landscape.
The 10-year fixed-rate SLB, priced at 7.40%, is structured with predefined sustainability performance targets that link interest rates to environmental outcomes. The issuance supports the 252-km TOT-16 NH-44 highway corridor in Telangana — enhancing regional connectivity while aligning with India’s climate goals.
Key Highlights:
- Rs900 crore SLB sets new benchmark in InvIT-led sustainable finance
- IFC anchor investment bolsters foreign investor confidence and replicable models
- IIFCL backing signals rising domestic alignment with ESG-linked debt
- Performance-linked mechanism mirrors global frameworks and embeds financial incentives
Gaurav Chandna, Executive Director and Joint CEO, Vertis Infrastructure Trust: “This landmark SLB issuance is more than just a funding milestone—it reflects our unwavering commitment to sustainable infrastructure development… We remain focused on setting new precedents for responsible growth and stakeholder value.”
Abhishek Chhajer, CFO, Vertis Infrastructure Trust: “We’ve pioneered a long-tenor, fixed-rate SLB that’s replicable across the industry. This reflects our financial discipline, investor credibility, and long-term ESG commitment.”
Imad N. Fakhoury, Regional Director for South Asia, IFC: “By supporting performance-linked instruments, we’re helping establish roads as a credible asset class… Investing in roads is investing in India’s sustainable growth story.”
Vikram Kumar, Director & Regional Head, Infrastructure and Natural Resources – Asia Pacific, IFC: “This transaction aligns financing with measurable outcomes. It supports gender inclusion, performance accountability, and deepens India’s capital markets.”
