Latest news with #RajkiranRaiG
Economic Times
2 days ago
- Business
- Economic Times
NaBFID plans debut overseas fund raise of up to $1 billion, official says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's National Bank for Financing Infrastructure and Development is considering raising up to $1 billion in its debut overseas borrowing this fiscal year, as it looks to diversify funding sources, a senior official said on state-run infrastructure lender could raise funds through external commercial borrowings or dollar bonds, "depending on interest rate conditions", Managing Director Rajkiran Rai G said in an interview."We are looking to tap the overseas market... for the first time in FY26 simply to expand our borrowing sources."Indian Prime Minister Narendra Modi-led government has made infrastructure a cornerstone of its economic NaBFID, which started operations in fiscal year 2023, had sanctioned loans worth over 2 trillion rupees through March-end, and aims for loan sanctions of 1.2 trillion rupees by the end of this fiscal year, Rai lender funds infrastructure projects for long durations, with over 65%-70% of loans exceeding 15 firm, which lends at floating rates but borrows at fixed rates, has hedged about 70% of its bond borrowing using interest rate derivatives, Rai are primarily available for tenures of up to 10 years, limiting the feasibility of the firm issuing so-called ultra-long-term bonds, the official has borrowed around 80 billion rupees in the local bond market so far this fiscal and plans to raise another 350 billion rupees to 400 billion rupees before the fiscal year ends in March, according to fiscal, the firm borrowed 169 billion rupees through bonds, as per Reuters is working with multilateral institutions like the World Bank and Asian Development Bank to develop tools like credit enhancement for infrastructure bonds, Rai said. ($1 = 86.5040 Indian rupees)
Time of India
2 days ago
- Business
- Time of India
NaBFID plans debut overseas fund raise of up to $1 billion, official says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's National Bank for Financing Infrastructure and Development is considering raising up to $1 billion in its debut overseas borrowing this fiscal year, as it looks to diversify funding sources, a senior official said on state-run infrastructure lender could raise funds through external commercial borrowings or dollar bonds, "depending on interest rate conditions", Managing Director Rajkiran Rai G said in an interview."We are looking to tap the overseas market... for the first time in FY26 simply to expand our borrowing sources."Indian Prime Minister Narendra Modi-led government has made infrastructure a cornerstone of its economic NaBFID, which started operations in fiscal year 2023, had sanctioned loans worth over 2 trillion rupees through March-end, and aims for loan sanctions of 1.2 trillion rupees by the end of this fiscal year, Rai lender funds infrastructure projects for long durations, with over 65%-70% of loans exceeding 15 firm, which lends at floating rates but borrows at fixed rates, has hedged about 70% of its bond borrowing using interest rate derivatives, Rai are primarily available for tenures of up to 10 years, limiting the feasibility of the firm issuing so-called ultra-long-term bonds, the official has borrowed around 80 billion rupees in the local bond market so far this fiscal and plans to raise another 350 billion rupees to 400 billion rupees before the fiscal year ends in March, according to fiscal, the firm borrowed 169 billion rupees through bonds, as per Reuters is working with multilateral institutions like the World Bank and Asian Development Bank to develop tools like credit enhancement for infrastructure bonds, Rai said. ($1 = 86.5040 Indian rupees)
&w=3840&q=100)
Business Standard
01-05-2025
- Business
- Business Standard
NaBFID plans to raise up to ₹70,000 crore in FY26 for development push
National Bank for Financing Infrastructure and Development (NaBFID) is looking to borrow — including through market debt and credit lines — up to ₹70,000 crore in the current financial year (FY26), as against just over ₹23,000 crore raised in FY25, both from international and domestic markets. The current financial year may also see the development finance institution tapping the overseas market for its maiden fundraise through external commercial borrowings (ECBs). Rajkiran Rai G, its managing director, told Business Standard the government-owned financial institution has so far been using domestic sources. 'Now we plan to visit the international market through external
