India’s Infrastructure Development Finance Co. (IDFC) is looking to raise about $295 million, which will be the first tranche of $982 million tax-saving infrastructure bonds, The Wall Street Journal reports. The company may launch the second tranche in the January-March quarter. The company is planning the note sale in the retail market this fiscal year.
The 10-year notes carry two options, both with buyback clauses at the end of the fifth year. IDFC is India’s integrated infrastructure finance player offering end-to-end infrastructure financing and project implementation services.
Click here for the story from The Wall Street Journal.