Home » News » IDFC's infra bond issue opens on Jan 11/news05012012
IDFC's infra bond issue opens on Jan 11/news05012012
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Thursday, January 05, 2012
Infrastructure Development Finance Company (IDFC) said it will raise Rs4,400 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 BSE.
In December, IDFC had mopped up Rs538.08 crore from the first tranche of tax-saving long-term infrastructure bonds.
The company plans to raise Rs5,000 crore from infra bond issues this fiscal. The five-year bonds have a coupon of 9%.
The NBFC had mopped up Rs1,451 crore from over 7.3 lakh retail investors through the issue of long-term infrastructure bonds in FY11.
At 9.24 am, IDFC was trading at Rs98.20, up by 0.77%, with a volume of 0.47 lakh shares on the BSE.
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