State-owned India Infrastructure Finance Company Ltd. (IIFCL) has strengthened its funding base by raising ₹1,848 crore through the issuance of non-convertible debentures (NCDs), reinforcing its capacity to support infrastructure development projects across the country. The successful fund mobilisation reflects robust investor confidence in the institution’s financial strength and strategic role in India’s infrastructure financing ecosystem.
According to the company, the bond issue witnessed strong participation from institutional investors, attracting bids worth ₹3,048 crore, nearly six times the base issue size of ₹500 crore. In view of the overwhelming response, IIFCL retained ₹1,848 crore at an annual coupon rate of 7.25%. The bonds have a maturity period of four years, eleven months and two days.
The successful issuance marks an important step in enhancing IIFCL’s resource base, enabling the organisation to extend long-term financial assistance for infrastructure projects spanning sectors such as transport, energy, urban development and other critical public assets. The company noted that the strong subscription underscores sustained investor trust in its governance standards and its mandate as the Government of India’s dedicated infrastructure financing institution.
The bond issue is the first under IIFCL’s resource mobilisation programme for the current financial year. The institution has received board approval to mobilise ₹34,200 crore during FY 2026–27 through a combination of domestic bonds, capital market instruments and overseas borrowings to meet the country’s growing infrastructure financing requirements.