NaBFID raises $750 million in debut 10-year US dollar bond under $4 billion GMTN programme

Exam-focused facts from the 1 October 2026 current affairs briefing.

Key facts

National Bank for Financing Infrastructure and Development (NaBFID) raised $750 million through its debut 10-year US dollar benchmark bond, priced at 105 basis points over US Treasuries with a coupon of 6.122 per cent.
The issuance is the first drawdown under NaBFID's $4 billion Global Medium-Term Note (GMTN) programme and is rated BBB+ by CareEdge.
The bond, maturing on September 30, 2036, is listed on India INX and NSE International Exchange (NSE-IX) at GIFT IFSC.
US investors accounted for 55 per cent of demand, Europe, Middle East and Africa 30 per cent, and Asia 15 per cent.
The principal's currency risk is fully hedged for five years through a Reserve Bank of India (RBI) swap.