Archive · 19 Jan 2026
TVS Infrastructure Trust Closes First Tranche
TVS Infrastructure Trust, which is part of TVS Industrial & Logistics Parks, has successfully raised ₹830 crore in the first part of its ₹1,100 crore bond programme.
This bond has a long duration of 20 years and a low interest rate of 7.42%, making it a significant and cost-effective financing for the company.
The money raised will help the Trust grow by building more infrastructure in smaller cities and adding high-quality assets leased to various industries.
The National Bank for Financing Infrastructure and Development (NaBFID) was a key investor in this bond issuance.
The remaining ₹270 crore will be raised in the future based on market conditions.
This success shows the Trust's commitment to creating durable and future-ready assets that support India's long-term development.
TVS Infrastructure Trust raised ₹830 crore in the first tranche of its ₹1,100 crore NCD programme.
The 20-year bond is anchored by NaBFID and rated AAA by ICRA with a coupon rate of 7.42%.
The transaction is notable for its long tenor, low cost, and institutional backing in the industrial and warehousing InvIT segment.
The capital will reduce the Trust’s cost of debt and support its growth to 20 million square feet, focusing on Tier 2 and Tier 3 markets.
The remaining ₹270 crore will be raised in Tranche 2 based on market conditions and strategic requirements.
- Who
- TVS Infrastructure Trust, sponsored by TVS Industrial & Logistics Parks (TVS ILP)
- What
- Closed the first tranche of its ₹1,100 crore Non-Convertible Debenture (NCD) programme
- When
- January 19, 2026
- Where
- India
- Why
- To reduce the Trust’s cost of debt and support growth, expanding to 20 million square feet, focusing on Tier 2 and Tier 3 markets
- Trust Name
- TVS Infrastructure Trust
- Total Programme Amount
- ₹1,100 crore
- Tranche I Amount Raised
- ₹830 crore
- Bond Tenor
- 20 years (up to 2046)
- Coupon Rate
- 7.42%
- Rating
- AAA by ICRA
- Anchor Investor
- National Bank for Financing Infrastructure and Development (NaBFID)
- Tranche II Amount
- ₹270 crore (subject to market conditions)