EXIM Bank plans $10.5 billion debt fundraise in fiscal 2027

The Export-Import ​Bank of India (EXIM Bank) plans to raise about 995 billion rupees ($10.5 billion) ‌in fiscal 2027 through domestic and overseas borrowing, its ​managing director said, as the bank looks ⁠to strengthen its funding profile.

The spread on the bank’s 10-year bond issued in January has narrowed to 70 basis points from 86 bps ‌over the past three months, strengthening its confidence to pursue foreign-currency borrowing in this environment, MD Harsha ‌Bangari told Reuters on Monday (May 11, 2026).

The U.S.-Israel war on Iran ‌and ⁠the subsequent closure of the key Strait of Hormuz ⁠has increased shipping costs, disrupted logistics and affected exporter sentiment.

However, the bank will remain cautious on the timing of any fresh borrowing, she said, without ​specifying when the fundraise would ‌be carried out.

The wholly state-owned EXIM Bank, which provides export financing and backs loans granted by commercial lenders to buyers of Indian goods, expects to tap the domestic ‌market for around 660 billion rupees through instruments such as ​bonds, certificates of deposit and loans, according to Ms. Bangari.

It will raise about $3.5 billion from overseas markets ⁠via bilateral and syndicated loans, she added.

The planned borrowing is higher than the 860 billion rupees the bank raised in the ‌previous financial year.