Infrastructure Development Finance Company’s (IDFC) committee of directors has approved public issue of long term infrastructure bonds, which will be open for subscription from March 19, 2012 to March 30, 2012. The bonds which will be issued in 3 tranches will include terms and conditions for Tranche 3 (2011-2012).
The company’s committee of directors at meeting held on March 12, 2012, approved this issue of long term infrastructure bonds.
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.
