IRFC Raises $300 Million via Yen Loan from SMBC, Re-Enters ECB Market After 3 Years
The Indian Railway Finance Corporation (IRFC) has re-entered the External Commercial Borrowing (ECB) market after more than three years, signing a loan agreement with Sumitomo Mitsui Banking Corporation’s GIFT City branch to raise Japanese Yen–denominated funds equivalent to $300 million. The five-year loan is benchmarked to the Tokyo Overnight Average Rate (TONAR) and will be used to finance projects with backward or forward linkages to the railway sector, along with other infrastructure initiatives permitted under ECB norms. IRFC said this marks its first major overseas borrowing under its expanded mandate as it broadens its role in financing infrastructure across the Indian Railways ecosystem.
📅Published on:
03 December 2025
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
