IIFCL plans $1 billion overseas loan for infrastructure
pre-market1 source ↓written by the desknot a recommendation
- from overseas investors
- $1 billion
- will carry
- 15-year loan
- interest rate below
- 7%
- loan to support
- $400 million
State-owned India Infrastructure Finance Company Ltd (IIFCL) is set to raise $1 billion from overseas investors, marking its largest foreign-currency loan. The 15-year loan will carry an interest rate below 7%. Additionally, IIFCL is in talks with the Asian Development Bank for a $400 million loan to support its infrastructure initiatives. This move follows RBI's measures to boost dollar inflows and support the rupee.
Not investment advice. For informational purposes only.