MUMBAI, Aug 20 (Reuters) - India's Mindspace Business

Parks REIT has raised 5.5 billion rupees ($63.17

million) via a second sustainability-linked bond (SLB),

subscribed entirely by International Finance Corp, the real

estate investment trust said on Wednesday.

The AAA-rated bond has an eight-year tenure and has been

directly placed with the International Finance Corporation

(IFC), the company said in a statement.

The bond takes the office-focused REIT's total SLB issuance

to 12 billion rupees. In June 2024, it raised 6.5 billion rupees

in its debut SLB issue.

This issue is also the REIT's first under the new

environment, social and governance (ESG) framework for debt

securities introduced by India's markets regulator in June 2025.

Indian engineering and construction company Larsen & Toubro

(L&T) also raised 5 billion rupees through the sale of

ESG bonds in June.

($1 = 87.0620 Indian rupees)