Nexus Select Trust raises Rs 1,000 cr via AAA-rated NCDs at 7.90% to refinance mall debt
India's first listed retail REIT raised Rs 1,000 crore through AAA-rated NCDs at a 7.90% blended rate — Rs 700 cr (3-yr, 7.86%) and Rs 300 cr (5-yr, 8.00%) — to refinance SPV-level bank loans, cutting interest costs by up to 60 bps. Portfolio spans 17 consumption centres, ~9.8 mn sq ft GLA, 2,800+ stores across 14 cities.
Nexus Select Trust, India's first listed retail REIT, raised Rs. 1,000 crore via AAA-rated NCDs at 7.90% to refinance SPV-level bank loans, saving up to 60 bps. Portfolio spans 17 malls, 2,800+ stores across 14 Indian cities.