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IDFC issues tax-saving infra bonds, eyes Rs 5K cr in FY12

Infrastructure Development Finance Company (IDFC) is aiming to raise Rs 5,000 crore through tax-free retail infrastructure bonds in 2011-12 in two tranches. The public issue for the first tranche opened for subscription on Monday with a face value of Rs 5,000 each offering an interest rate of 9% per annum.

November 21, 2011 / 21:15 IST
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Moneycontrol Bureau

Infrastructure Development Finance Company (IDFC) is aiming to raise Rs 5,000 crore through tax-free retail infrastructure bonds in FY12. The public issue for the first tranche opened for subscription on Monday with a face value of Rs 5,000 each, offering an interest rate of 9% per annum.
first published: Nov 21, 2011 04:37 pm

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