IDFC's Rs 4,400 cr infra bond issue soon

New Delhi: Infrastructure Development Finance Company (IDFC) today said it will raise Rs 4,400 crore through the issuance of a second tranche of tax-saving long term infrastructure bonds on January 11.

The second tranche of the bond issue would be open for subscription till February 25, IDFC said in a filing to the Bombay Stock Exchange.

In December, IDFC had mopped up Rs 538.08 crore from the a first tranche of tax-saving long-term infrastructure bonds.

The company plans to raise Rs 5,000 crore from infra bond issues this fiscal. The five-year bonds have a coupon of 9 per cent.

The NBFC had mopped up Rs 1,451 crore from over 7.3 lakh retail investors through the issue of long-term infrastructure bonds in FY'11.

Source: Financial Express