India’s Infrastructure Development Finance Co. (IDFC) is seeking raise about $1.04 billion through a sale of long-term infrastructure bonds, The Wall Street Journal reports. The bonds, which will be issued on or before March 31, will be listed on the National Stock Exchange and Bombay Stock Exchange, adds Economic Times.
The deal is being managed by JM Financial Consultants, ICICI Securities, Karvy Investor Services, Kotak Mahindra Capital Co., IDFC Capital, Bajaj Capital, RR Investors Capital Services and SMC Capitals. The company intends to use the proceeds for investment in infrastructure sector.
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