Mumbai, Feb. 12 -- The National Bank for Financing Infrastructure and Development (NaBFID) is planning to raise up to $3.6 billion this quarter to fund infrastructure projects across India, according to Managing Director and CEO Rajkiran Rai G.
NaBFID is on track to exceed its $12 billion loan sanction target for FY25, Rai said, adding that loan disbursements could reach $7.2 billion, though procedural delays might pose challenges.
"In the infrastructure sector, there is always a gap between sanction and disbursement," he noted.
The development finance institution, set up in 2021, recently secured $600 million through a 15-year bond issuance and continues to raise funds in alignment with its disbursement strategy.
Additionally, the Partial Credit Enhancement Facility for corporate bonds, announced in the Union Budget 2025-26, is expected to be operational by April 2025. The initiative will help enhance corporate bond ratings, allowing companies to access funding at better rates.
"The framework is already in place, and with the government's support, we expect to roll it out soon," Rai stated.
Published by HT Digital Content Services with permission from Construction World.