The National Bank for Financing Infrastructure Development (NaBFID) is likely to tap debtcapital markets for the first time on June 8 to raise funds worth up to ₹10,000 crore through 10-year non-convertible debentures (NCDs). The state-backed infrastructure lender, which was set up in 2021, is planning an issuance with a base size of ₹5,000 crore and an additional subscription option worth ₹5,000 crore, sources aware of the development said. The bonds, rated AAA by CRISIL and ICRA will have an annual coupon pay-out. If the government holding falls below 51%, investors can avail of a put option, sources said. Read More