Comments
India Infrastructure Finance Company Ltd (IIFCL), a government company, has raised ₹1,500 crore through private placement of non-convertible debt securities.
The 10-year bond has a coupon of 7.17 per cent and the total mop-up of ₹1,500 crore includes a green shoe option of ₹1,000 crore. After a span of eight years, IIFCL has raised funds from the domestic market.
This fund raising is expected to provide impetus to government’s vision of achieving outstanding Infrastructure growth, as they will be utilised to provide longer term debt to Infrastructure Projects, both Greenfield and Brownfield, developed under various initiatives of Government of India viz., NIP, NMP and Gati-Shakti.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.