Category: Infrastructure Finance

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India signs agreement with World Bank for Eastern DFC

India signs agreement with World Bank for Eastern DFC

A Guarantee Agreement for World Bank (IBRD) lending of $650 million to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) for the Eastern Dedicated Freight Corridor-III (EDFC-III) Project has been signed between the Government of India and the World Bank in the national capital.

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HDFC raises Rs 500 crore via masala bonds

HDFC raises Rs 500 crore via masala bonds

Mortgage lender HDFC has said that it has raised Rs 500 crore through rupee-denominated bonds from overseas investors. “The corporation has completed the fourth issue of rupee denominated-bonds to overseas investors of issue size Rs 500 crore,” HDFC said in a regulatory filing to stock exchanges.