Long Term Financing

This committee will oversee the implementation of the initiative, focusing on projects such as national highways, regional rapid transport systems, and renewable energy ventures

The bonds to be issued in tranches depending on market conditions

Agriculture value chain enabler Samunnati on Friday said it has raised Rs 133 crore (USD 16 million) in credit financing from Swiss impact investment firm Blue Earth Capital. This is Blue Earth Capital's first debt investment and will help Samunnati expand initiatives aimed at improving the lives of small farmers across the country through projects focused on climate adaptation, resilience and mitigation practices. The funding from Blue Earth is the single largest debt tranche raised by Samunnati during the first quarter of the fiscal year. "We're grateful for the support from Blue Earth Capital... This boost will strengthen our efforts to improve the lives of smallholders through climate and sustainability projects," Samunnati founder and chief executive Anil Kumar SG said in a statement. In the current fiscal year, Samunnati has already secured USD 5 million (Rs 41 crore) in debt funding through external commercial borrowing from Enabling Qapital. In the previous fiscal year, it

IndiGo is looking at various financing options for the wide-body planes that are expected to join the airline's fleet in 2027. Speaking at a session at the CAPA India Aviation Summit 2024 here, IndiGo CEO Pieter Elbers on Wednesday said having a strong balance sheet is an asset. In April, IndiGo announced placing a firm order for 30 A350-900 aircraft and also the option to buy 70 more such planes. "We keep all options open...we are already (looking) at various financing options," Elbers said with respect to wide-body aircraft. At present, IndiGo has a fleet of more than 360 planes apart from two Boeing 777 aircraft leased from Turkish Airlines. The wide-body planes are expected to come in 2027 while the A321 XLR aircraft will join the fleet next year. With XLRs, IndiGo can operate more routes and destinations, Elbers said and added that its huge plane orders are part of a long term plan. IndiGo will also be introducing business class seats later this year. In June last year, In

Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) on Monday signed an agreement to offer long-term financial assistance to viable infrastructure projects. With this, both the institutions will collaborate to fund the infrastructure projects wherein the parties can mutually participate under consortium/multiple lending arrangements to provide financial support to the prospective borrowers subject to due diligence and on a case-to-case basis, a joint statement said. A signing ceremony for the Memorandum of Understanding (MoU) took place in the presence of Atul Kumar Goel, MD & CEO of PNB, and Padmanabhan Raja Jaishankar, MD of IIFCL, it said. This MOU would be a milestone in finding new avenues of lending to the infrastructure projects of the country and they assured full participation from both sides in this endeavour, it said.

While some other executives from the power industry say it may be too early to gauge any impact, some highway contractors refuse to comment on the move

State-owned REC Ltd on Wednesday said its board has approved an overall borrowing limit of Rs 1,60,000 crore for 2024-25. The board in its meeting held on Wednesday approved a borrowing limit of Rs 1.6 lakh crore, including Rs 1,45,000 bonds and term loans, Rs 5000 crore of short-term loans and Rs 10,000 crore of commercial papers, REC said in a filing. Funds under the proposed borrowing programme for 2024-25 shall be raised for different maturities, through different instruments, depending upon the actual requirement of funds, asset-liability position and prevailing market conditions, with the approval of Competent Authority, the filing stated. The Board has approved the amendment in 'Policy on Criteria for determining Materiality of Events or Information for disclosure to Stock Exchanges'. REC, a non-banking finance company, provides financing to power infrastructure projects in the country. It meets the funding requirements through borrowings.

Both long-short funds and long-only funds gave lower returns than Nifty, Sensex

London-based bank originally provided £60 mn loan facility to subsidiary of Reliance Industries Ltd. shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021

Multilateral Development Banks (MDBs) should work systematically with the private sector to increase private financing by an additional USD 500 billion by 2030, a G20 expert group has said in a report. The independent expert group on multilateral development banks set up under India G20 Presidency, called for a better, bolder, and bigger MDB system to provide long-term finance to meet physical and social infrastructure needs globally. The second volume of the report 'The Triple Agenda' said the MDBs should work together better as a system. MDBs include the World Bank, Inter-American Development Bank, Asian Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development. The report also suggested that MDBs agree to be held accountable, individually and collectively, on a range of Key Performance Indicators (KPIs) to match the expanded mandate. MDBs should share diagnostic tools, mutually recognise each other's standards and set up shared ...

National development bank Sidbi on Monday announced a growth accelerator programme for small NBFCs to help them become eligible for bank funding. Under the initiative, being carried out in association with the global alliance for mass entrepreneurship and national NBFC lobby FIDC (Finance Industry Development Council), it has onboarded 18 small NBFCs as the first cohort of the programme. The five-month-long programme is designed to scale small NBFCs (Non Banking Financial Company) through design interventions, enabling them to apply for institutional funding based on holistic evaluation parameters, Sidbi chairman & managing director Sivasubramanian Ramann told reporters here. The programme includes mentorship from domain experts on risk, operations, governance, and technology and is structured to encourage and facilitate peer learning, reviews and networking through a blend of in-person, virtual and individualised sessions, Umesh Revankar, FIDC chairman and executive vice-chairman

Under the deal, IndusInd Bank will offer credit to firms in the supply chain of Japanese OEMs in India, and to final buyers of construction machinery made by Japanese firms

Bank of Baroda is mulling to raise capital by issuing long term bonds to finance infrastructure and affordable housing sectors in the country. A meeting of the investment committee will be convened later this month to get an approval, Bank of Baroda said in a regulatory filing on Thursday. "The Investment Committee meeting of our bank is scheduled to be held on 16th July 2022 to finalise the quantum and timing of issuance of long term bonds for financing of infrastructure and affordable housing, out of the board approved limit of Rs 5,000 crore," it said. Stock of Bank of Baroda closed 5.63 per cent higher at Rs 105.05 apiece on BSE.

Category III AIF scheme has a term of four years and it will have no lock-in period

YIAPL has received the final credit sanction for Rs 3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA), it said in a statement issued on Friday

Buy now pay later credit platform Capital Float on Tuesday said financing through its platform has crossed over Rs 2,000 crore by March 2021.

Thus, NBFCs have increased their focus on collections and have tightened underwriting standards

The cut-off yield for 7.32 per cent-2024 was 6.408 per cent, while for 6.45 per cent-2029, it was 6.5780 per cent

The minister said he had suggested the idea of a 25-year bond to a senior official of the largest bank over the weekend