IRFC Holds ECB Roadshow in Singapore to Diversify Global Funding

New Delhi, March 4, 2026: Indian Railway Finance Corporation Limited (IRFC), a Government of India enterprise, has successfully concluded a two-day External Commercial Borrowing (ECB) roadshow in Singapore on March 2–3, 2026, aimed at deepening its global funding diversification strategy.

The senior delegation, led by Senior General Managers (Finance) Mr. Ajay Swami and Ms. Rakhi Dua, engaged in one-on-one meetings with Japanese and Taiwanese regional investors operating out of Singapore. The initiative is part of IRFC’s broader strategy to expand its international lender base and mobilise long-term funds at competitive rates while diversifying its currency profile.

During the meetings, IRFC highlighted its transformation under the “IRFC 2.0” strategy, expanding beyond traditional railway financing to fund infrastructure projects with forward and backward linkages to Indian Railways. The delegation emphasized the company’s strong sovereign backing, NIL NPA status, low operating costs, and consistent financial track record.

Investors showed interest in IRFC’s diversification into high-quality PSU and infrastructure exposures, including dedicated freight corridors, metro rail projects, and ports, while maintaining strong linkages with the Ministry of Railways.

The roadshow was supported by Mandated Lead Arrangers Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG), who facilitated structured investor engagements across the Singapore market.

The successful completion of the Singapore roadshow further strengthens IRFC’s engagement with regional investors and is expected to support its objective of securing diversified and cost-effective funding for future growth.