Infra financier NaBFID completes debut dollar bond issuance of $750-M

Mumbai-based National Bank for Financing Infrastructure and Development (NaBFID) has raised USD 750 million through its debut overseas bond issuance. The 10-year bonds were priced at a spread of 105 basis points above the US Treasury, resulting in a coupon of 6.1220%. The transaction saw strong demand, attracting bids exceeding USD 2 Billion from investors.Founded in 2021, NaBFID offers infrastructure financing. The organisation intends to raise a total of USD 4 Billion by the end of 2026.