Indian Infrastructure Lender Secures $125 Million HSBC Loan

NaBFID Secures $125 Million in Maiden Foreign-Currency Borrowing

National Bank for Financing Infrastructure and Development (NaBFID), India's infrastructure lender, has successfully secured approximately $125 million through its inaugural foreign-currency borrowing. This development marks a significant milestone, enabling NaBFID to tap into a broader pool of global capital.

HSBC Holdings Plc has approved a $125 million dollar-denominated, five-year debt facility for NaBFID, priced over the Secured Overnight Financing Rate (SOFR). This transaction underscores NaBFID's growing role in financing India's expansive infrastructure drive.

India's infrastructure push, with $133 billion earmarked for the next financial year, requires a diverse capital base. Offshore funding relieves pressure on domestic banks and provides a broader capital base for infrastructure projects, including highways, ports, and airports, which are crucial to the country's growth plans.

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As part of its long-term financing strategy, NaBFID continues to explore alternative fundraising avenues, including foreign currency markets. The lender's total assets rose 44% to 1.04 trillion rupees (approximately $11.4 billion) as of December 31, 2025, according to its website.

The loan will be extended by HSBC's GIFT City unit, with HSBC Holdings Plc declining to comment on the matter. This transaction represents a significant step towards NaBFID's goal of tapping overseas markets, a plan first mooted last year but delayed due to global volatility.