IIFCL raises $500M ECB for 15 years at lowest cost with MIGA guarantee

• IIFCL is raising USD 500 million in External Commercial Borrowings (ECBs) with a 15-year tenor.
• The funds, guaranteed by MIGA (World Bank Group), will finance priority infrastructure projects in India.
• The ECB received overwhelming interest, with bids nearly five times the proposed amount from 12 international banks.
• MIGA's guarantee allows IIFCL to mobilize private capital without requiring a Government of India guarantee.
• This USD 500 million is the first tranche of a larger program estimated at up to USD 2.5 billion, focusing on sustainable and climate-aligned projects.

Why It Matters: IIFCL secures vital, low-cost infra funding, reducing government guarantee reliance.