Strong investor demand boosts infrastructure financier’s ₹34,200 crore funding plan.

IIFCL Raises ₹1,848 Cr in Maiden FY27 NCD Issue.

State-owned India Infrastructure Finance Company Limited (IIFCL) has raised ₹1,848 crore through its first domestic non-convertible debenture (NCD) issue of FY27, underscoring robust investor confidence. The 4-year, 11-month and 2-day NCD attracted bids worth about ₹3,048 crore—nearly six times the base issue size of ₹500 crore. IIFCL retained ₹1,848 crore at a coupon rate of 7.25% per annum. The issuance comes as IIFCL targets a ₹34,200 crore resource mobilisation programme in FY2026-27, to be funded through domestic bonds, capital market instruments and External Commercial Borrowings (ECBs). As part of its overseas strategy, the financier plans to raise around $1.30 billion via ECBs in the coming months, with an additional $1 billion from global markets subject to approvals. The proceeds will support infrastructure projects across transport, renewable energy, power, urban infrastructure, digital networks and social sectors.