NEW DELHI: The National Highways Infra Trust (NHIT) on Thursday announced its first bond issue to raise Rs 1,500 crore, with a quarter of the proposed fund-raising reserved for retail investors.
The retail portion of the non-convertible debenture (NCD) issue is expected to be about Rs 375 crore and the citizens can invest Rs 10,000 or more with an assured annual return of a little over 8%. The government said this is being done to allow individuals tobenefit from infrastructural growth and get good returns.
The NHIT, tasked with monetisation of road assets and financing the highway projects, said the issue will open on Monday.
