IIFCL plans $1 billion overseas loan, also eyes $400 million ADB funding to back infrastructure push

India Infrastructure Finance Company Ltd (IIFCL) is set to raise a significant $1 billion from international investors, potentially its largest foreign-currency loan. This move, alongside talks for a $400 million loan from the Asian Development Bank, is bolstered by recent Reserve Bank of India measures encouraging dollar inflows. IIFCL is also considering a debut dollar bond issuance later this year.