Foreign bankers sceptical as IRFC eyes Japanese for 10 year loan

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 ...

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