1 week ago
IIFCL Launches $1.8 Billion International Borrowing Programme
IIFCL is a government-owned company that helps finance infrastructure in India.
It has started a plan to borrow $1.8 billion from international markets.
So far, it has raised $200 million.
The company wants to raise about $1 billion more through long-term loans.
Some of these loans could last as long as 15 years.
The loans will be raised in stages and supported by a MIGA guarantee facility.
This money is meant for infrastructure projects that take a long time to complete.
IIFCL says the programme will help it access more global funding and support India’s development.
IIFCL has begun its $1.8 billion External Commercial Borrowing programme after receiving government approval.
The state-owned company has mobilised $200 million through international markets as the programme’s first milestone.
IIFCL plans to raise about $1 billion through long-term ECBs with maturities of up to 15 years.
The long-term borrowing will be raised in multiple tranches under the MIGA Guarantee Facility.
The funds are intended to support Indian infrastructure projects and diversify IIFCL’s funding base.
- Who
- State-owned India Infrastructure Finance Company Ltd (IIFCL), led in the announcement by Managing Director Rohit Rishi.
- What
- IIFCL initiated a $1.8 billion External Commercial Borrowing fundraising programme and mobilised $200 million through international markets.
- Where
- The funds are being raised through international financial markets for infrastructure financing in India.
- When
- The announcement was published on August 23, 2026.
- Why
- To diversify IIFCL’s funding base, access long-term global capital and support Indian infrastructure projects.
Key facts
- Total ECB programme
- About $1.8 billion
- Initial mobilisation
- $200 million
- Planned long-term ECBs
- About $1 billion
- Maximum proposed tenor
- Up to 15 years
- Guarantee facility
- MIGA Guarantee Facility
- Past international fundraising
- More than $3.5 billion
- Intended use
- Long-term financing for Indian infrastructure projects
Quotes
Rohit Rishi
Managing Director of India Infrastructure Finance Company Ltd
“We remain committed to executing the programme within the stipulated timeframe and supporting the country's infrastructure financing requirements”
thehindubusinessline.com
Sources
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