India Infrastructure Finance Company (IIFCL) is seeking to raise $2.4 billion through bond sales by March, Economic Times reports. The firm will also raise $219 million via retail tax saving bonds by the end of the current fiscal.

In 2009, IIFCL sold $2.19 billion tax-free bonds and also raised $20 million via a retail tax saving bond issue. IIFCL, which is also planning a $1.09 billion debt fund to back long-gestation infrastructure projects, is awaiting infra debt fund guidelines from the Reserve Bank of India.

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