Latest news with #NaBFID
New Indian Express
5 days ago
- Business
- New Indian Express
APCRDA inks MoU with NaBFID to chart financial roadmap for Amaravati infrastructure push
VIJAYAWADA: The Andhra Pradesh Capital Region Development Authority (APCRDA) signed a Memorandum of Understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) on Friday for Transaction Advisory Services (TAS) for infrastructure projects in Amaravati. The agreement was formalised in the presence of Chief Minister N Chandrababu Naidu. NaBFID will serve as a strategic advisor, assisting APCRDA in crafting a robust financial blueprint for Capital Amaravati's infrastructure development. The partnership focuses on formulating financial strategies, evaluating implementation models such as Public Private Partnership (PPP), and identifying revenue streams, including monetisation options for land will also support APCRDA in developing financial models, and engaging stakeholders and potential investors to ensure sustainable project execution. The collaboration aims to create an effective financial roadmap aligned with Amaravati's long-term development goals, fostering structured growth and world class urban infrastructure.
Time of India
6 days ago
- Business
- Time of India
Amaravati's infra gets financial boost as APCRDA partners with NaBFID
Vijayawada: The Andhra Pradesh Capital Region Development Authority (APCRDA) has entered into a Memorandum of Understanding (MoU) with the National Bank for Financing Infrastructure and Development (NaBFID) for Transaction Advisory Services (TAS), in the presence of Andhra Pradesh chief Minister N Chandrababu Naidu. Acting as a strategic advisor, the institution will help APCRDA design a high-impact financial blueprint for infrastructure projects in Amaravati, the capital city of Andhra Pradesh. As part of the advisory support, the institution will assist in formulating financial strategies and evaluating various implementation models, including Public-Private Partnerships (PPP), for multiple infrastructure projects across the region. The institution will also help identify potential revenue sources and explore monetisation options for available land assets. Additionally, the institution will engage with APCRDA in formulating financial models and extend advisory support for engaging relevant stakeholders and potential investors. This partnership aims to craft an effective financial roadmap for Amaravati aligned with the city's long-term development goals and priorities. Speaking on the partnership, Rajkiran Rai G., managing director at National Bank for Financing Infrastructure and Development, said, "We are pleased to collaborate with APCRDA in its mission to build world-class infrastructure for Amaravati. Through our Transaction Advisory Services, we aim to unlock innovative financing models for key infrastructure projects in the capital region. This engagement reflects our shared objective of enabling structured development and contributing to the creation of robust, service-oriented urban infrastructure. " CRDA commissioner K Kannababu said that the development of Amaravati as the capital city is a major initiative of the Andhra Pradesh government, and the MoU with NaBFID marks a significant step towards strengthening the financial ecosystem for the development of infrastructure assets in the greenfield capital city. With the institution's expertise in infrastructure advisory and financing, "APCRDA aims to implement well-structured development projects with optimised capital deployment," said Kannababu. Municipal administration Minister Dr. P. Narayana, principal secretary finance Peeyush Kumar were present.
Reuters
19-06-2025
- Business
- Reuters
Indian lender NaBFID plans debut overseas fund raise of up to $1 billion, official says
MUMBAI, June 19 (Reuters) - India's National Bank for Financing Infrastructure and Development is considering raising up to $1 billion in its debut overseas borrowing this fiscal year, as it looks to diversify funding sources, a senior official said on Thursday. The state-run infrastructure lender could raise funds through external commercial borrowings or dollar bonds, "depending on interest rate conditions", Managing Director Rajkiran Rai G said in an interview. "We are looking to tap the overseas market... for the first time in FY26 simply to expand our borrowing sources." Indian Prime Minister Narendra Modi-led government has made infrastructure a cornerstone of its economic strategy. Mumbai-based NaBFID, which started operations in fiscal year 2023, had sanctioned loans worth over 2 trillion rupees through March-end, and aims for loan sanctions of 1.2 trillion rupees by the end of this fiscal year, Rai said. The lender funds infrastructure projects for long durations, with over 65%-70% of loans exceeding 15 years. The firm, which lends at floating rates but borrows at fixed rates, has hedged about 70% of its bond borrowing using interest rate derivatives, Rai said. Derivatives are primarily available for tenures of up to 10 years, limiting the feasibility of the firm issuing so-called ultra-long-term bonds, the official said. NaBFID has borrowed around 80 billion rupees in the local bond market so far this fiscal and plans to raise another 350 billion rupees to 400 billion rupees before the fiscal year ends in March, according to Rai. Last fiscal, the firm borrowed 169 billion rupees through bonds, as per Reuters data. NaBFID is working with multilateral institutions like the World Bank and Asian Development Bank to develop tools like credit enhancement for infrastructure bonds, Rai said. ($1 = 86.5040 Indian rupees)
Economic Times
19-06-2025
- Business
- Economic Times
NaBFID plans debut overseas fund raise of up to $1 billion, official says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's National Bank for Financing Infrastructure and Development is considering raising up to $1 billion in its debut overseas borrowing this fiscal year, as it looks to diversify funding sources, a senior official said on state-run infrastructure lender could raise funds through external commercial borrowings or dollar bonds, "depending on interest rate conditions", Managing Director Rajkiran Rai G said in an interview."We are looking to tap the overseas market... for the first time in FY26 simply to expand our borrowing sources."Indian Prime Minister Narendra Modi-led government has made infrastructure a cornerstone of its economic NaBFID, which started operations in fiscal year 2023, had sanctioned loans worth over 2 trillion rupees through March-end, and aims for loan sanctions of 1.2 trillion rupees by the end of this fiscal year, Rai lender funds infrastructure projects for long durations, with over 65%-70% of loans exceeding 15 firm, which lends at floating rates but borrows at fixed rates, has hedged about 70% of its bond borrowing using interest rate derivatives, Rai are primarily available for tenures of up to 10 years, limiting the feasibility of the firm issuing so-called ultra-long-term bonds, the official has borrowed around 80 billion rupees in the local bond market so far this fiscal and plans to raise another 350 billion rupees to 400 billion rupees before the fiscal year ends in March, according to fiscal, the firm borrowed 169 billion rupees through bonds, as per Reuters is working with multilateral institutions like the World Bank and Asian Development Bank to develop tools like credit enhancement for infrastructure bonds, Rai said. ($1 = 86.5040 Indian rupees)
Time of India
19-06-2025
- Business
- Time of India
NaBFID plans debut overseas fund raise of up to $1 billion, official says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's National Bank for Financing Infrastructure and Development is considering raising up to $1 billion in its debut overseas borrowing this fiscal year, as it looks to diversify funding sources, a senior official said on state-run infrastructure lender could raise funds through external commercial borrowings or dollar bonds, "depending on interest rate conditions", Managing Director Rajkiran Rai G said in an interview."We are looking to tap the overseas market... for the first time in FY26 simply to expand our borrowing sources."Indian Prime Minister Narendra Modi-led government has made infrastructure a cornerstone of its economic NaBFID, which started operations in fiscal year 2023, had sanctioned loans worth over 2 trillion rupees through March-end, and aims for loan sanctions of 1.2 trillion rupees by the end of this fiscal year, Rai lender funds infrastructure projects for long durations, with over 65%-70% of loans exceeding 15 firm, which lends at floating rates but borrows at fixed rates, has hedged about 70% of its bond borrowing using interest rate derivatives, Rai are primarily available for tenures of up to 10 years, limiting the feasibility of the firm issuing so-called ultra-long-term bonds, the official has borrowed around 80 billion rupees in the local bond market so far this fiscal and plans to raise another 350 billion rupees to 400 billion rupees before the fiscal year ends in March, according to fiscal, the firm borrowed 169 billion rupees through bonds, as per Reuters is working with multilateral institutions like the World Bank and Asian Development Bank to develop tools like credit enhancement for infrastructure bonds, Rai said. ($1 = 86.5040 Indian rupees)
