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NaBFID raises Rs 5,000 cr via bonds

The bonds were oversubscribed 6 times, against the base issue of Rs2,000 cr

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NaBFID raises Rs 5,000 cr via bonds
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5 July 2024 10:15 AM IST

New Delhi: The National Bank for Financing Infrastructure and Development (NaBFID) on Tuesday said it has raised Rs 5,000 crore by issuance of listed bonds. The issue received overwhelming response from the investors with bids of Rs12,287 crore, NaBFID said in a regulatory filing.

The bonds were oversubscribed 6 times, against the base issue of Rs 2,000 crore. The unsecured non-convertible, ‘AAA’ rated with stable outlook, debt securities have been issued at an annualized coupon rate of 7.43 per cent for a 10 year-tenure. This represents a spread of 26 basis points over the corresponding Financial Benchmarks India Pvt Ltd (FBIL) GSec par yield curve, it said, adding, the total number of bids received was 131, indicating wider participation with heterogeneity of bids.

NaBFID National Bank for Financing Infrastructure and Development Bonds Listed Bonds Fundraising Investment Financial Markets AAA Rating Non-Convertible Bonds Oversubscription 
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