The National Bank for Financing Infrastructure and Development (NaBFID) intends to issue up to Rs 40,000 crore ($4.8 billion) in local currency bonds to support its loan disbursement expansion, sources revealed. The bonds, spanning tenors of 10 to 20 years, are expected to be issued in the fiscal year starting April 1. NaBFID, established in 2022, has already disbursed loans exceeding Rs 25,000 crore since April last year. The move aligns with India’s increased government spending on infrastructure, with Prime Minister Narendra Modi’s administration doubling expenditures on various projects, including roads, airports, and urban infrastructure. NaBFID has not yet responded to requests for comment on the fundraising plan.