India Infrastructure Finance Company Ltd (IIFCL) is preparing to access international capital markets to raise approximately $1.3 billion over the next two to three months.
The state-backed infrastructure lender intends to execute the fundraise through External Commercial Borrowings (ECBs) and other debt instruments, aiming to secure a total of $2.3 billion in overseas funding to support India’s infrastructure development pipeline.
The move underscores the sustained demand for Indian infrastructure credit among global investors, even as domestic borrowing costs remain elevated.
IIFCL, which operates as a key financing arm for the Indian government’s infrastructure push, has previously tapped domestic markets, raising ₹1,848 crore through non-convertible debentures (NCDs) earlier this week.
The shift toward international markets allows the lender to diversify its funding sources and potentially access longer tenors at competitive rates.
This international fundraise follows a broader trend of Indian financial institutions turning to overseas markets for capital.