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)