In a regulatory filing on Friday, the company said a bond committee at its meeting has approved allotment of 87,500 NCDs of face value of Rs 1 lakh, each aggregating Rs 875 crore on a private placement basis.
Signature Global has not disclosed the names of the investors who subscribed to these NCDs.
The committee had earlier approved the terms and conditions for issuance of these NCDs.
The term of the NCDs, with a coupon rate of 11 percent, would be three years, two months and 30 days. The expiration date is January 15, 2029.
The amount will be used to repay existing debt and growth capital, a company official said. Gurugram-based company Signature Global is one of the country’s leading real estate developers. In 2024-2025, the company emerged as the fifth largest listed real estate company in terms of sales bookings. The company has sold properties worth Rs 10,290 crore in the last fiscal and is targeting Rs 12,500 crore in pre-sales in the current fiscal.
During April-September 2025-26, the Gurugram-based company reported a 21 per cent decline in sales bookings to Rs 4,650 crore, compared to Rs 5,900 crore in the year-ago period, as per the latest operational update.
“With a robust launch plan and a disciplined financial approach, we remain confident of sustaining growth momentum in the coming quarters, achieving our annual performance targets based on key parameters, and are fully comfortable with our guidance across all operational metrics, including presales, collections and net debt,” said Signature Global Chairman Pradeep Kumar recently.
The company has delivered 15.7 million square feet of real estate to date. The project pipeline remains robust and includes 17.1 million square feet of recently launched projects, 24.5 million square feet of future developments and 9.2 million square feet of ongoing construction.
#Signature #Global #raises #bonds #reduce #debt #expand #operations