IIFCL to raise up to 25 bln rupees via tax-free bonds - termsheet

Last Updated: Wed, Aug 21, 2013 06:56 hrs

India Infrastructure Finance Company Ltd is planning to raise up to 25 billion rupees ($393.36 million) via private placement of tax-free bonds, a termsheet obtained by Reuters showed.

The firm will issue 10-, 15-, and 20-year bonds, and the base size of the bond sale is 1 billion rupees, as per the document.

The issue is rated AAA by ICRA, CARE and BRICKWORK.

Book building for the issue will open and close on Wednesday.

($1 = 63.5550 Indian rupees)

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