{"id":28546,"date":"2026-06-30T01:08:53","date_gmt":"2026-06-29T19:38:53","guid":{"rendered":"https:\/\/banitoday.com\/iifcl-plans-1-billion-overseas-loan-also-eyes-400-million-adb-funding-to-back-infrastructure-push\/"},"modified":"2026-06-30T01:08:53","modified_gmt":"2026-06-29T19:38:53","slug":"iifcl-plans-1-billion-overseas-loan-also-eyes-400-million-adb-funding-to-back-infrastructure-push","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/iifcl-plans-1-billion-overseas-loan-also-eyes-400-million-adb-funding-to-back-infrastructure-push\/","title":{"rendered":"IIFCL plans $1 billion overseas loan, also eyes $400 million ADB funding to back infrastructure push"},"content":{"rendered":"


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State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to raise $1 billion from overseas investors in what could become its largest foreign-currency loan, while also holding talks with the Asian Development Bank (ADB) for a separate $400 million loan, a senior company executive told Reuters.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to raise $1 billion from overseas investors in what could become its largest foreign-currency loan, while also holding talks with the Asian Development Bank (ADB) for a separate $400 million loan, a senior company executive told Reuters.The fundraising comes after the Reserve Bank of India (RBI) introduced a series of measures to encourage dollar inflows and support the rupee, including allowing state-run firms and banks to raise foreign-currency funds to hedge forex exposure at subsidised rates.<\/p>\n

$1 billion loan planned
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The proposed $1 billion loan will have a 15-year tenure and carry an interest rate of below 7%, while discussions with ADB are centred on a separate 20-year loan of about $400 million, IIFCL Deputy Managing Director Palash Srivastava told Reuters.Srivastava said IIFCL doubled the size of the proposed 15-year borrowing from an initial $500 million after the RBI announced the subsidised borrowing facility.Reuters had earlier reported that three Indian development finance institutions planned to raise at least $1.5 billion through foreign-currency bank loans under the RBI’s new framework.<\/p>\n

Dollar bond also on the cards
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Apart from bank borrowings, IIFCL is also evaluating its debut dollar bond issue of around $100 million by the end of the year.“The bond will likely be in the three- to five-year tenor,” Srivastava told Reuters.<\/p>\n

RBI measures spur overseas fundraising
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Dollar fundraising by Indian financial institutions has picked up after the RBI opened its subsidised foreign borrowing window.HDFC Bank has raised $750 million through a five-year bond, while Axis Bank priced an $800 million dual-tranche dollar bond. State-run Power Finance Corporation has also raised $300 million through dollar bonds.State Bank of India and Bank of Baroda are also planning overseas fundraising, Reuters reported.<\/div>\n<\/div>\n


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State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to raise $1 billion from overseas investors in what could become its largest foreign-currency loan, while also holding talks with the Asian Development Bank (ADB) for a separate $400 million loan, a senior company executive told Reuters. State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning […]<\/p>\n","protected":false},"author":1,"featured_media":28547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28546","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/28546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=28546"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/28546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/28547"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=28546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=28546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=28546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}