India Infrastructure Finance Company Ltd will issue a Rs 1200cr tax-free bond

India-Map2India Infrastructure Finance Company Ltd (IIFCL) will issue a Rs 1,200-crore retail infrastructure bond issue at the end of the year.

The bond issue would come in three stages of Rs 400 crore each between January and March, according to, managing director of IIFCL, S.K. Goel.

The IIFCL chief said the bonds that are AAA-rated will have a coupon rate of 8.5 per cent for 10 years and 8.75 per cent for the 15-year issue. At the end of five years both issues will have a put and call option.

The State Bank of India (SBI) bond issue received a great response from investors due to the high interest rates the bank is giving.

Comments are closed.