Brookfield India Real Estate Trust, the last of Indian REITs to tap the bond market, is set to launch its debut bond issue this month, three sources aware of the matter told Reuters on Thursday.
The real estate investment trust is set to raise 35 billion rupees ($387.67 million) through 3-year and 5-year bonds, the sources said.
India’s asset-backed investment vehicles, including REITs and infrastructure investment trusts (InvITs), have increasingly been tapping the bond market, having raised over $2 billion in the first half of 2025. Of the five REITs in India, four others have already raised funds through bond issues.
Bond fundraising provides clarity to these trusts on planning their finances, while top credit ratings attract marquee investors such as mutual funds and insurers.
Brookfield’s bonds are likely to be rated AAA by rating agencies, the sources said, adding that the International Finance Corporation (IFC) will be the anchor investor for the issue.
The REIT is also looking to raise another 35 billion rupees through equity and equity-linked instruments, they said. The sources could not be named as they are not authorised to speak to media.
Brookfield REIT did not immediately respond to a Reuters email seeking comment.
“The proceeds of the fundraising will go towards the REIT’s stake purchase in Ecoworld, a 48-acre office campus in Bengaluru,” one of the sources said.
Brookfield India REIT has signed binding agreements to acquire a 100% stake in Ecoworld for around 131.25 billion rupees, the company had said in a statement in November.
It has been rapidly expanding its footprint in India, having grown its portfolio from four assets at listing to 11 properties as of September 30, within just four years, according to a JLL report.
($1 = 90.1900 Indian rupees)
Reuters
