Infrastructure Development Finance Corporation (IDFC) is planning to raise up to Rs 4,400 crore through long-term infrastructure bonds. The company proposes to issue the 10-year bonds with the annual interest payment option offering a coupon rate of 8.70 percent.
Recently, IDFC had raised Rs 532.6 crore through a tax-saving infrastructure bonds issue, which have been allotted against 2.6 lakh applications.
IDFC’s core business is to provide debt finance for infrastructure projects. The company provides financial assistance to various segments such as power, roads, ports, telecommunications, Information Technology, Urban Infrastructure, Health care, education Infrastructure, food and agri business infrastructure, health care and tourism.
