NaBFID Plans $2 Billion Foray into Overseas Credit Market

India's National Bank for Financing Infrastructure & Development, or NaBFID, is planning to enter the overseas credit market for the first time, and aims to raise as much as $2 billion through loans and bonds this financial year, according to people familiar with the matter.

- Bloomberg

Initially, the state-owned infrastructure lender plans to raise at least $250 million through an external commercial borrowing loan with a tenor of three-to-five years, said the people, asking not to be identified because the information is private. The agency is engaging with rating companies to obtain a rating, they said.