IIFCL To Sell $793M Infra Bonds

State-owned Indian Infrastructure Finance Company is seeking to raise $793 million through the sale of tax-free infrastructure bonds.

State-owned Indian Infrastructure Finance Company (IIFCL) is seeking to raise $793 million through the sale of tax-free infrastructure bonds, The Hindu Business Line reports. The company may raise another $1.47 billion in the next fiscal year.

These transactions in credit enhancements may start by September this year. IIFCL has selected 10 infrastructure projects, which include three from GVK and two from L&T in power and road sectors.

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