NaBFID Launches Partial Credit Enhancement to Boost Infrastructure Bonds
The National Bank for Financing Infrastructure and Development (NaBFID) has unveiled a partial credit enhancement tool to strengthen India's infrastructure bond market. Announced in the FY26 Budget, this initiative aims to improve access to long-term capital for infrastructure projects, encouraging investments from pension funds and insurers.
- Country:
- India
The National Bank for Financing Infrastructure and Development (NaBFID) has introduced a new partial credit enhancement (PCE) initiative to invigorate the infrastructure bond market. Launched on Thursday, this tool aims to facilitate easier access to long-term capital for infrastructure projects across India.
Announced by Finance Minister Nirmala Sitharaman during the FY26 Budget, the PCE targets strengthening the country's infrastructure development by providing greater assurances to bond investors. NaBFID's Managing Director, Rajkiran Rai, emphasized the crucial role of infrastructure in fulfilling India's growth ambitions.
With this new instrument, NaBFID's efforts are expected to stimulate more participation from pension funds and insurers, which have been identified as key players in driving investment into infrastructure projects, according to Sivasubramanian Ramann, Chairman of the Pension Fund Regulatory and Development Authority.
(With inputs from agencies.)
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