NaBFID raises Rs 50 billion through listed bonds

04 Jul 2024 CW Team

The National Bank for Financing Infrastructure and Development (NaBFID) has successfully raised Rs 50 billion through the issuance of listed bonds. The bond issue received an overwhelming response, attracting bids totalling Rs 122.87 billion, as stated in a regulatory filing. This represents an oversubscription of six times against the base issue size of Rs 20 billion.

The unsecured, non-convertible bonds are rated 'AAA' with a stable outlook and carry an annualized coupon rate of 7.43% for a 10-year tenure. This rate represents a spread of 26 basis points over the corresponding Financial Benchmarks India Pvt Ltd (FBIL) GSec par yield curve. The issue saw broad participation with 131 bids, reflecting diverse investor interest.

Investors included provident funds, pension funds, insurance companies, and banks, indicating widespread trust across various segments. Rajkiran Rai, Managing Director, NaBFID highlighted the significance of the issuance, noting it underscores investor confidence in Indian infrastructure as an asset class and the institution's ability to raise long-duration bonds successfully.

Established in 2021, NaBFID aims to address gaps in long-term non-recourse financing for infrastructure development, strengthen the development of bonds and derivatives markets in India, and sustainably boost the country's economy.

(Source:ET)

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..