Bonds, especially tax-saving bonds, were a hot favourite among investors in 2011-12, as volatility in the Indian markets prevented retail participants from investing in equity IPOs.
The company would come out with the second tranche and subsequent issues if it receives good response for the first tranche.
Infrastructure Development Finance Company (IDFC) is planning to raise up to Rs 5,000 crore through tax-saving bonds in the current fiscal.
With a view to attracting long-term investments for the infrastructure sector, the Government has allowed IFCI, LIC, IDFC, IIFCL and certain NBFCs to issue tax-saving bonds during the current fiscal.
PTC India Financial Services (PFS) plans to raise up to Rs 150 crore through issue of tax-saving bonds in the current fiscal. PFS, which is part of power trading solutions provider PTC India, would utilise the proceeds for various financing activities in the power sector.