IRFC returns to ECB market with $300 million loan from Sumitomo Mitsui Banking Corporation
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CNBC TV18•03/12/2025
IRFC returns to ECB market with $300 million loan from Sumitomo Mitsui Banking Corporation
- •IRFC signs loan agreement with Sumitomo Mitsui Banking Corporation for $300 million ECB.
- •The agreement marks IRFC's return to the ECB market after over three years.
- •Loan proceeds will finance railway sector projects or other approved projects.
- •The ECB facility has a five-year tenure and is benchmarked to TONAR.
- •IRFC shares ended 0.4% lower at ₹116.6 apiece, down 22.5% in 2025.
Why it matters: This matters as IRFC's ECB move can boost railway sector funding and investor confidence.
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