IRFC to raise $1.10 bn via yen-denominated offshore loan ahead of Japanese PM visit
Indian Railways Finance Corp (IRFC) is set to raise $1.1 billion (about 130 billion yen, or Rs 8,440 crore) through a yen-denominated syndicated offshore loan, three people familiar with the matter told ET.
Japanese lenders Mizuho Bank, MUFG and Sumitomo Mitsui Banking Corp (SMBC) are likely to sign an agreement for the loan around Japanese Prime Minister Fumio Kishida’s India visit this week.
