Indian Railway Finance Corporation (IRFC) successfully concluded a two-day External Commercial Borrowing (ECB) roadshow in Tokyo on February 26-27, 2026. Led by senior executives, the delegation engaged with leading Japanese regional investors to mobilize long-term funds and strategically diversify IRFC’s currency profile. The initiative aims to optimize borrowing costs and secure cost-effective, diversified funding lines, reinforcing confidence in IRFC’s credit profile.
IRFC Concludes Successful Tokyo ECB Roadshow
The Indian Railway Finance Corporation (IRFC) announced the successful conclusion of a two-day External Commercial Borrowing (ECB) roadshow held in Tokyo on February 26-27, 2026. The senior delegation was headed by Executive Director (Finance) Ms. Deepa Kotnis and Executive Director (Business Development) Mr. Sunil Kumar Goel.
Objective: Funding Diversification
The primary goal of the visit was to conduct one-on-one meetings with leading Japanese regional investors. The objective was centered on mobilizing long-term funds at competitive rates and favorable terms, which forms a key part of IRFC’s strategy to optimize its cost of borrowing and enhance access to diversified global capital pools.
Investor Highlights and Engagement
During the interactions, the delegation emphasized IRFC’s strong sovereign linkages, its robust asset-liability management framework, and its consistent track record in supporting India’s railway infrastructure expansion. Investors showed keen interest in IRFC’s core financing business, noting its stable cash flow model and strategic importance to national development.
Furthermore, IRFC showcased its recent diversification into high-quality Public Sector Undertaking (PSU) and infrastructure exposures beyond the Ministry of Railways. The roadshow was actively supported by Mandated Lead Arrangers (MLAs), including Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG).
Positive Outcome and Outlook
The strong investor response underscores the continued global confidence in IRFC’s credit profile and business strategy. The successful roadshow is expected to significantly support IRFC’s objective of securing cost-effective funding to meet its growing financing requirements. It is noted that IRFC has consistently been rated at Par with the Indian Government by JCRA.
Source: BSE
