Signature Global raises ₹875 crore via IFC-backed NCD issuance

Signature Global (India) has raised ₹875 crore through a private placement of non-convertible debentures (NCDs) subscribed by the International Finance Corporation (IFC), the World Bank Group’s private sector lending arm.

This is the company’s first listed debt transaction. The NCDs, rated ‘A+’ with a stable outlook by Care Edge Ratings, are listed on the BSE. They carry a coupon of 11% and mature on January 15, 2029, with a tenure of over three years.

The company said the proceeds will be deployed toward mid-income housing and projects aligned with environmental, social and governance (ESG) standards, while part of the funds will be used to refinance existing debt.

Signature Global has 19 EDGE-certified developments, among the highest reported in the domestic real estate sector. In its first assessment by the Global Real Estate Sustainability Benchmark (GRESB), the company recorded a score of 84.

The Gurugram-focused developer ranked among India’s top listed real estate companies by sales in FY25. It reported pre-sales of ₹1.03 lakh crore in the previous fiscal and is targeting ₹1.25 lakh crore in FY26.

As of Q1 FY26, the developer’s pipeline comprised 17.1 million sq ft of recently launched projects and 9.2 million sq ft under construction, with another 24.5 million sq ft planned over the next two to three years.