India Infrastructure Finance Company Ltd (IIFCL) plans to raise about $1 billion through an overseas loan, according to multiple reports. The proposed borrowing is described as a 15-year loan with an interest rate of under 7%, aimed at supporting the company’s infrastructure financing activities. In addition to the international loan, IIFCL is in talks with the Asian Development Bank (ADB) for roughly $400 million of funding. The ADB loan is discussed as a separate facility with a longer tenor of about 20 years. One report also notes that recent Reserve Bank of India measures encouraging dollar inflows are supporting the broader funding environment. IIFCL is also considering a potential debut dollar bond issuance later in the year, in connection with its plan to diversify and expand foreign-currency funding sources. Taken together, the reports indicate IIFCL is working on a package of international financing—combining an overseas loan and potential ADB funding—to back its infrastructure push, while weighing additional market options.
IIFCL seeks $1 billion overseas loan and $400 million ADB funding
India Infrastructure Finance Company Ltd (IIFCL) plans to raise about $1 billion through an overseas loan, according to multiple reports. The proposed borrowing is described as a 15-year loan with an...
- IIFCL plans to raise around $1 billion through an overseas loan.
- The overseas loan is described as having a 15-year tenor and interest rate under 7%.
- IIFCL is in talks with the Asian Development Bank for roughly $400 million in funding.
- The ADB funding is described as a separate 20-year loan.
- Reports say IIFCL is considering a debut dollar bond issuance later this year.
India Infrastructure Finance Company Ltd (IIFCL) is set to raise a significant $1 billion from international investors, potentially its largest foreign-currency loan. This move, alongside talks for a $400 million loan from the Asian Development Bank, is bolstered by recent Reserve Bank of India measures encouraging dollar inflows. IIFCL is also considering a debut dollar bond issuance later this year.
2 hours agoThe $1 billion loan will be for 15 years at an interest rate of under 7%, and the company is talking to the Asian Development Bank for a separate 20-year loan of roughly $400 million
2 hours ago
Commvault (CVLT) faces securities class action over alleged federal securities law violations
Multiple law-firm notices report that Commvault Systems, Inc. (NASDAQ: CVLT) is facing a securities class action allegin...
Black Rock Coffee Bar faces securities fraud class action alleging Exchange Act violations
Several law firms are advertising participation in a putative class action involving Black Rock Coffee Bar, Inc. (NASDAQ...
PureCap MSCI ETFs declare quarterly cash distributions across communication, technology and consumer staples
PureCap℠ exchange-traded funds tracking MSCI sectors declare quarterly cash distributions, according to Seeking Alpha re...