IDFC to raise 2.5 bln rupees via bonds - source

Last Updated: Tue, Dec 11, 2012 08:03 hrs

IDFC Ltd is planning to raise 2.5 billion rupees ($45.86 million) via bonds at 8.97 percent, a source with direct knowledge of the deal said on Tuesday.

The firm will issue five year bonds with a put/call option at the end of second year, the source said.

Standard Chartered Bank is the sole arranger to the deal, the source said.

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