Infrastructure Development Finance Company (IDFC) today said it will raise Rs 4,400 crore through the issuance of a second tranche of tax-saving long term infrastructure bonds on January 11.
The second tranche of the bond issue would be open for subscription till February 25, IDFC said in a filing to the Bombay Stock Exchange.
In December, IDFC had mopped up Rs 538.08 crore from the a first tranche of tax-saving long-term infrastructure bonds.
The company plans to raise Rs 5,000 crore from infra bond issues this fiscal. The five-year bonds have a coupon of 9%.
The NBFC had mopped up Rs 1,451 crore from over 7.3 lakh retail investors through the issue of long-term infrastructure bonds in FY11.
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