India’s National Highways Infra Trust (NHIT) is set to tap the domestic corporate bond market via a debut private placement of bonds in the next two months, four sources directly aware of the matter said on Friday.
The company is likely to opt for longer-duration bonds of more than 15 years and would look to raise around Rs 2,000 crore to Rs 3,000 crore ($241 million-$362 million), the sources said.
“NHIT will go for zero-coupon bonds of maybe 17-year or 18-year duration as that becomes an attractive proposition for long-term investors who do not want to get involved in re-investments for regular receivables for a longer period of time,” one of the sources said.
