Within two weeks, banks issue $2 billion through infrastructure bonds
ECONOMY & POLICY

Within two weeks, banks issue $2 billion through infrastructure bonds

According to analysts, Indian banks raised $2 billion through infrastructure bonds over the past two weeks in anticipation of a rebound in private capital spending and higher public spending. During this time, the market has been used by two private lenders and one state-run bank to raise money using these bonds. The greatest such offering was when State Bank of India, the largest lender in the country, raised $1.22 billion.

According to Ajay Manglunia, JM Financial’s Managing Director & Head - Investment Grade Business, as economic activity increases, there is resurgence in demand for infrastructure funds. Therefore, banks with a concentration on this industry are generating enormous sum of money that will be invested, added Manglunia. Long-term development initiatives are financed by the issuance of infrastructure bonds. Other banks that raised comparable amount of money include Kotak Mahindra Bank, which raised INR 15 billion, and ICICI Bank, which finished INR 50 billion seven-year bond issue. In the upcoming weeks, other private lenders, including Axis Bank and HDFC Bank, plan to issue infrastructure bonds as well, according to merchant bankers who spoke on the condition of anonymity because their plans had not yet been finalised.

According to analysts, Indian banks raised $2 billion through infrastructure bonds over the past two weeks in anticipation of a rebound in private capital spending and higher public spending. During this time, the market has been used by two private lenders and one state-run bank to raise money using these bonds. The greatest such offering was when State Bank of India, the largest lender in the country, raised $1.22 billion. According to Ajay Manglunia, JM Financial’s Managing Director & Head - Investment Grade Business, as economic activity increases, there is resurgence in demand for infrastructure funds. Therefore, banks with a concentration on this industry are generating enormous sum of money that will be invested, added Manglunia. Long-term development initiatives are financed by the issuance of infrastructure bonds. Other banks that raised comparable amount of money include Kotak Mahindra Bank, which raised INR 15 billion, and ICICI Bank, which finished INR 50 billion seven-year bond issue. In the upcoming weeks, other private lenders, including Axis Bank and HDFC Bank, plan to issue infrastructure bonds as well, according to merchant bankers who spoke on the condition of anonymity because their plans had not yet been finalised.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code