{"id":283246,"date":"2019-07-19T06:10:08","date_gmt":"2019-07-19T06:10:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283246"},"modified":"2019-07-19T06:32:33","modified_gmt":"2019-07-19T06:32:33","slug":"lic-to-invest-rs-30000-crore-in-nhai-via-long-term-bonds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lic-to-invest-rs-30000-crore-in-nhai-via-long-term-bonds\/","title":{"rendered":"LIC to invest Rs 30,000 crore in NHAI via long-term bonds"},"content":{"rendered":"<p>The national highways authority is tapping state-owned Life Insurance Corporation of India (LIC) for a funding of Rs 30,000 crore in the current financial year. <\/p>\n<p>LIC has given in-principle approval to subscribe to the bonds issued by National Highways Authority of India (NHAI), a government official aware of the matter told ET. <\/p>\n<p>\u201cWe need long-term funds (for NHAI), and this funding arrangement will be for a span of 30 years,\u201d said the official, requesting not to be named. <\/p>\n<p>\u201cThe advantage of insurance funds is that these are long-term,\u201d the official said, adding that given the gestation period of road projects is also long, LIC is a sensible choice. \u201cModalities for the arrangement are being worked out. We will see how we can negotiate the coupon rates,\u201d the official said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The national highways authority is tapping state-owned Life Insurance Corporation of India (LIC) for a funding of Rs 30,000 crore in the current financial year. LIC has given in-principle approval to subscribe to the bonds issued by National Highways Authority of India (NHAI), a government official aware of the matter told ET. \u201cWe need long-term funds (for NHAI), and this funding arrangement will be for a span of 30 years,\u201d said the official, requesting not to be named. \u201cThe advantage of insurance funds is that these are long-term,\u201d the official said, adding that given the gestation period of road projects [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-283246","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283246"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283246\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}