IIFCL to guarantee infra cos' bond issues under new offering

State-run India Infrastructure Finance Company (IIFCL) has said it will soon launch, in association with the ADB, a product to improve credit worthiness of infrastructure firms that seek to raise money through long-term bonds.

"We are expecting government approval for launching a credit enhancement product within the next 10 days," IIFCL Chairman and Managing Director S K Goel said here.