IIFCL raises Rs 1,500 cr via 10-yr bond at 7.17%, including green shoe
India Infrastructure Finance Company Ltd (IIFCL), government-owned infra financing entity, has raised Rs 1,500 crore through 10-year bond at coupon of 7.17 per cent.
The company has raised funds from the domestic market after a span of eight years. It privately placed Non-Convertible Debt Securities for an amount of Rs 500 crore with green-shoe of Rs 1,000 crore, IIFCL said in a statement.
Debt market sources said SBI Pension Fund and Employees’ Provident Fund Organisation (EPFO) were key investors in bond offerings.
