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NaBFID plans to raise up to INR 50 billion in first week of March, says official
This story was originally published at 15:41 IST on 24 February 2026
Register to read our real-time news.Informist, Tuesday, Feb. 24, 2026
By J. Navya Sruthi
MUMBAI – The National Bank for Financing Infrastructure and Development, or NaBFID, plans to raise up to INR 50 billion in the first week of March, an official from the state-owned company said. The tenure of the bonds is yet to be decided, but the issuer is considering a five-year or 10-year bond, the official said.
"We will be coming after Holi (Mar. 3), with same amount as earlier issuance which was withdrawn," the official told Informist. "But we are yet to decide the tenure. Last time, three-year did not work for us, so we are planning either five(-year) or 10(-year bonds)."
According to the official, the state-owned company expects a coupon of 7.25% for a five-year bond and 7.45% for 10-year. Tuesday, the yield on the five-year benchmark corporate bond was 7.24% and that on the 10-year bond was around 7.40%.
The state-owned financier had planned to raise INR 50 billion Friday, with the base size at INR 10 billion and a greenshoe option of INR 40 billion, but had scrapped the issuance as investors demanded a higher coupon.
According to the bid books accessed by Informist, the company Friday received 61 bids totalling INR 46.88 billion, with the coupon ranging from 6.90% to 7.30%. The base issue of INR 10 billion was priced at a yield of 7.15% against the market's expectation of 7.20% for the whole issue, including the greenshoe portion. The company had expected the coupon to be around 7.10%. End
Edited by Rajeev Pai
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