IIFCL raises ₹1,848 cr through bond issuance for infrastructure
pre-market1 source ↓written by the desknot a recommendation
- by issuing non-convertible
- ₹1,848 crore
- saw bids
- ₹3,048 crore
- the base size
- 6 times
- base size
- ₹500 crore
- annual coupon
- 7.25%
India Infrastructure Finance Company Ltd (IIFCL) raised ₹1,848 crore by issuing non-convertible debentures (NCDs) to finance infrastructure projects. The issue saw bids of ₹3,048 crore, nearly 6 times the base size of ₹500 crore, reflecting strong investor confidence. The bonds carry a 7.25% annual coupon and mature in 4 years, 11 months.
Not investment advice. For informational purposes only.