Indian Railway Finance Corporation Limited has informed the Exchange regarding a press release dated February 25, 2026, titled "IRFC raises JPY-equivalent USD 400 Million ECB, marks second ECB in FY 2025 26".
IRFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IRFC has signed a loan agreement with Sumitomo Mitsui Banking Corporation and MUFG Bank Ltd (both GIFT City branches) to raise an External Commercial Borrowing (ECB) of JPY-equivalent USD 400 million. The loan is for a 5-year tenor, unsecured, and benchmarked to the Overnight TONAR (Tokyo Overnight Average Rate). This is IRFC's second ECB in FY 2025-26, after raising USD 300 million in December 2025. Proceeds will be used to finance projects with forward or backward linkage to the railway sector or other approved projects. The loan amount has been sanctioned but is yet to be availed.
Positive for shareholders — this diversifies IRFC's borrowing mix into global markets, helps optimize its weighted average borrowing cost, and signals continued investor confidence in the company's financial fundamentals. For the stock, it reinforces IRFC's strong access to capital but is not a direct equity-affecting event.