IFCL plans to garner Rs 12 bn via tax-free bonds

State-run India Infrastructure Finance Company (IIFCL) is planning to raise 12 billion rupees through issue of tax-free bonds for funding infrastructure projects.

February 02, 2011 / 13:59 IST

State-run India Infrastructure Finance Company (IIFCL) is planning to raise Rs 12 billion through issue of tax-free bonds for funding infrastructure projects.

The issue opens on February 4 and closes on March 4. The company will issue 10-year bonds with 8.15% interest compounded annually and 15-year bond with 8.30%, it said in a statement.

first published: Feb 2, 2011 01:07 pm

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