Foreign bankers sceptical as IRFC eyes Japanese for 10 year loan

Train_Line_Tracks_Fotolia_230x150
22 Feb 2018

Indian Railway Finance Corp has turned heads in the loan market with its request for up to $250m of 10 year money. While some market participants balked at the idea of 10 year commercial loans, those at the firm’s main target audience — Japanese banks — think the deal is worth a look. Shruti Chaturvedi reports.

The company is looking for a base amount of $100m and has included a greenshoe that could push the financing to $250m, said a Mumbai-based banker at an international bank that received the request for proposals from IRFC but will not be pitching for it. The loan has ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial