Advisory provided by JSA on the release of ₹900 crore Sustainability-Linked Bond by Vertis Infrastructure Trust
JSA Advocates & Solicitors Assist Vertis Infrastructure Trust in Record-Breaking Sustainability-Linked Bond Issue
JSA Advocates & Solicitors have played a pivotal role in advising Vertis Infrastructure Trust in a groundbreaking private placement of ₹900 crore sustainability-linked bonds (SLBs), marking the largest SLB issuance by an Indian Infrastructure Investment Trust (InvIT) to date.
The bonds issued are non-convertible debt securities, linked to predefined sustainability objectives and performance targets related to environment, social, and governance (ESG) outcomes. These targets align financial results with sustainability achievements, reflecting international best practices.
The proceeds from the issue are specifically intended for TOT Bundle 16, a significant 252 km stretch of National Highway 44 in Telangana, which is a major road asset owned and managed by Vertis Infrastructure Trust.
The legal transaction team from JSA was led by Partner Karan Mitroo, supported by Senior Associate Pragya Verma and Associates Jhalak Gupta and Harsh Dugar. This indicates a substantial and structured in-house advisory effort.
In summary, JSA provided comprehensive legal advisory services for the structuring, compliance, and issuance aspects of this landmark sustainability-linked bond placement supporting the TOT Bundle 16 highway corridor project under Vertis Infrastructure Trust.
Vertis Infrastructure Trust is an infrastructure investment trust involved in the business of owning and managing road assets in India. The private placement of SLB is intended to support TOT Bundle 16. JSA Advocates & Solicitors provided legal advice for the private placement of SLB by Vertis Infrastructure Trust.
The predefined sustainability performance targets link financial outcomes to environment, social, and governance outcomes, making the SLB debt securities mirror international best practices in sustainability. Pragya Verma, Senior Associate at JSA Advocates & Solicitors, provided support for the transaction. No advertisements were found in the paragraph, and no information about the form to publish on Bar & Bench was provided.
- The issuance of sustainable-living focused sustainability-linked bonds by Vertis Infrastructure Trust, as advised by JSA Advocates & Solicitors, is a significant step toward integrating finance with environmental-science, promoting sustainable-living within home-and-garden projects, and aligning business practices with ESG requirements.
- As the largest SLB issuance by an Indian Infrastructure Investment Trust (InvIT), this endeavor signifies a shift in the lifestyle sector towards adopting more sustainable practices, setting a new standard for infrastructure businesses to follow.
- The collaboration between JSA Advocates & Solicitors and Vertis Infrastructure Trust is not only instrumental in the environmental-science sector but also points toward a future where business transactions in sectors such as science, finance, and lifestyle emphasize sustainable-living and ESG best practices.
