Friday, July 10, 2026

IIFCL secures ₹1,848 crore via NCDs in first FY27 domestic bond issue

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India Infrastructure Finance Company Ltd. (IIFCL) has raised ₹1,848 crore through the issuance of non-convertible debentures (NCDs), marking its first domestic market borrowing for the financial year 2026-27.The bonds have a maturity of four years, 11 months and two days, and carry a coupon rate of 7.25% per annum.

According to the company, the issue received bids worth ₹3,048 crore against a base issue size of ₹500 crore. IIFCL retained ₹1,848 crore from the issue.
The fundraising is part of the state-owned infrastructure lender’s resource mobilisation plan for FY27. The company’s board has approved a total fundraising programme of ₹34,200 crore for the current financial year through a mix of domestic bonds, capital market instruments and External Commercial Borrowings (ECBs).IIFCL said it plans to remain active in the domestic debt market with additional bond issuances during the year, depending on funding requirements and market conditions.

The company is also evaluating overseas borrowings under the ECB route. It plans to raise around $1.30 billion through ECBs and other debt instruments over the next two to three months. In addition, it intends to raise another $1 billion from overseas markets, subject to approvals from the Government of India and other regulatory authorities.

The company said funds raised during the year will be used to finance infrastructure projects across sectors including transport, renewable energy, power, urban infrastructure, logistics, digital infrastructure, water and sanitation, social infrastructure and nuclear energy.

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