IIFCL raises $200 million via 2 ECB transactions
IIFCL plans to raise around $1 billion through long-term ECBs, with tenors of up to 15 years, under the MIGA Guarantee Facility, in multiple tranches. The proposed long-term funding will support infrastructure projects with long gestation periods and provide long-term financing to the sector.
HDFC Bank’s newly issued dollar bonds fell to record lows as CEO Sashidhar Jagdishan’s unexpected exit intensified investor concerns over leadership succession and governance. The bank’s shares have also underperformed the broader market, though analysts say its fundamental creditworthiness remains intact. HDFC Bank is reportedly seeking an executive search firm to accelerate succession.
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