IDFC (Infrastructured Development Finance Company) announced the public issue of its tax-saving, long-term infrastructure bonds.
The bond issue is open for subscription until December 6 for retail investors. The five-year issue carries a coupon of 9%.
This issue is the first tranche of bonds from the infra firm. IDFC seeks to raise up to Rs. 5,000 crore through infra bonds in the current financial year (2011-12).
In 2010, the IDFC had received the infra finance company (IFC) status within the NBFC (Non-Banking Finance Company) category from the RBI (Reserve Bank of India).
In the past financial year, IDFC had raised Rs 1,451 crore from about 7,30,000 retail investors.
IDFC had posted net profit of Rs. 524 crore for the September quarter, up 55% over the same period last year.
IDFC’s total income rose 41% to Rs 1,715 crore in the same period, up from Rs 1,217 crore.
The bond issue is open for subscription until December 6 for retail investors. The five-year issue carries a coupon of 9%.
This issue is the first tranche of bonds from the infra firm. IDFC seeks to raise up to Rs. 5,000 crore through infra bonds in the current financial year (2011-12).
In 2010, the IDFC had received the infra finance company (IFC) status within the NBFC (Non-Banking Finance Company) category from the RBI (Reserve Bank of India).
In the past financial year, IDFC had raised Rs 1,451 crore from about 7,30,000 retail investors.
IDFC had posted net profit of Rs. 524 crore for the September quarter, up 55% over the same period last year.
IDFC’s total income rose 41% to Rs 1,715 crore in the same period, up from Rs 1,217 crore.
For Investing & Application forms of Infrastructure Bonds - Contact - Amit Surpuriya - 9850873688 - Pune
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