Brookfield India REIT Allots ₹1,996.92 Cr NCDs with 7.06% Coupon Rate
Brookfield India Real Estate Trust has completed the allotment of sustainability-linked non-convertible debentures (NCDs) worth ₹1,996.92 crores. The REIT issued 2,00,000 NCDs with a face value of ₹1,00,000 each through private placement. The NCDs have a tenure of 1824 days, a coupon rate of 7.06% per annum payable quarterly, and are set to be listed on BSE's wholesale debt market segment. The issue was priced using BSE's Electronic Book Building Platform, resulting in a slight discount of ₹3.08 crores from the original issue size of ₹2,000 crores.
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Brookfield India Real Estate Trust has successfully completed the allotment of sustainability-linked non-convertible debentures (NCDs) worth ₹1,996.92 crores on December 22, 2025. The Debt Issue Committee, constituted by the Board of Directors of Brookprop Management Services Private Limited (Manager), approved the allotment through a resolution passed by circulation.
Debenture Allotment Details
The REIT allotted 2,00,000 sustainability-linked, listed, rated, secured, redeemable, transferable, non-cumulative, non-convertible debentures on a private placement basis. Each debenture carries a face value of ₹1,00,000.
| Parameter | Details |
|---|---|
| Number of NCDs | 2,00,000 |
| Face Value per NCD | ₹1,00,000 |
| Total Consideration Received | ₹1,996.92 crores |
| Original Issue Size | ₹2,000.00 crores |
| Discount Amount | ₹3.08 crores |
| Allotment Date | December 22, 2025 |
Terms and Conditions
The NCDs carry a tenure of 1824 days from the deemed date of allotment. The coupon rate has been set at 7.06% per annum, with quarterly payments to debenture holders.
| Financial Terms | Specifications |
|---|---|
| Coupon Rate | 7.06% per annum |
| Payment Frequency | Quarterly |
| Tenure | 1824 days |
| Final Redemption Date | December 20, 2030 |
| Issue Method | Private Placement |
Issue Process and Pricing
The issue price discovery was conducted through BSE Limited's Electronic Book Building Platform on December 18, 2025, using the multiple yield allotment method. This electronic platform facilitated transparent price discovery for the debenture issue.
Brookfield India REIT received total consideration of ₹1,996.92 crores against the planned issue size of ₹2,000.00 crores, resulting in a discount amount of ₹3.08 crores. The terms and conditions, including tenure, coupon rate, and payment schedules, were detailed in the Key Information Document dated December 15, 2025, filed with BSE Limited.
Listing and Compliance
The NCDs are proposed to be listed on the wholesale debt market segment of BSE Limited. The allotment was conducted in compliance with Regulation 23 of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014.
The debentures are structured as sustainability-linked instruments, reflecting the REIT's commitment to environmental and social governance principles. The secured nature of the debentures provides additional protection to investors through charges created over assets as specified in the issue documentation.
