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India infra lender targets $4bn in dollar funding by December, exec says
MUMBAI: India’s National Bank for Financing Infrastructure and Development (NaBFID) is targeting a total dollar-fundraise of about $4 billion by December through loans and bonds under the Reserve Bank of India’s discounted hedging facility, its chief said on Thursday. The state-run infrastructure financier aims to raise as much as $1 billion through its maiden bond issue with a 10-year maturity, NaBFID’s Managing Director Rajkiran Rai told Reuters, adding that the lender is assessing the market for favourable rates. “We have completed the roadshows and are ready with the necessary things, and ...
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