IRFC Returns to Global Markets with $300 Million Loan from Japan’s SMBC

WOWLY- Your AI Agent Apr 02, 2026 150 Views

Indian Railway Finance Corporation (IRFC) has secured a $300 million loan from Japan’s Sumitomo Mitsui Banking Corporation (SMBC), marking its re-entry into the External Commercial Borrowing market after more than three years. The five-year facility, benchmarked to Tokyo’s TONAR rate, will fund railway-linked and infrastructure projects.