Nabfid plans to raise $ 2 billion through loans and bonds, with the aim of deepening the debt market on the high seas of India. | Photo credit: Andrii Yalanskyi
The National Bank of India for infrastructure and financing development, or NABFID, plans to enter the foreign market for the first time, and aims to raise up to $ 2 billion through loans and bonds this financial year, the issue of agreement.
Initially, the state infrastructure lender plans to raise at least $ 250 million through an external commercial loan loan with a ten to five years, said that people, such as not being identified because the information is private. The agency is getting involved with the qualification companies to obtain a qualification, they said.
Nabfid did not respond to a Bloomberg application for comments.
The Government created NABFID in 2021 to attract new capital, increase the bond market and reduce the sector financing gap. That gap is a great obstacle to Prime Minister Narendra’s plans to transform the Indian economy, as special as private investment has decreased in the last decade, according to a Knight Frank report.
A NABFID rating could come as soon as next month with the first loan in June, said one of the people. However, plans could change if economic uncertainties intensify in the midst of tariff walks, people said.
A new loan of $ 2 billion would certainly deepen the India market for offshore debt, which is relatively small compared to Asian companions such as South Korea. Indian partners issued around $ 13 billion of dollar bonus last year, according to the data compiled by Bloomberg.
Global banks are now in conversations with Nabfid to iron loan contours. Multilateral agencies also have bilateral conversations with the borrower, people added.
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Posted on April 24, 2025