The loan is supported by a credit enhancement guarantee provided by the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group. “This landmark transaction, to be facilitated through MUFG Bank’s GIFT branch, will mark the first-ever commercial financing for DFCCIL and debut MIGA-covered transaction in India,” MUFG said.
Shashank Joshi, deputy CEO, MUFG India, said this financing structure will serve as a template for alternative financing solutions capable of propelling India’s accelerated infrastructure development.
“This loan has the potential to create a new avenue for funding large-scale infrastructure projects and other enterprises in the country,” said Hira Ballabh, director finance, DFCCIL.
