off-the-wire

India New Issue-NIIF Infra Finance to reissue Feb 2028 bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, Feb 22 (Reuters) - India's NIIF Infrastructure Finance plans to raise at least 750 million rupees ($9.1 million) via the reissue of 7.98% February 2028 bonds, three merchant bankers said on Wednesday. The company has invited bids from investors and merchant bankers on Thursday, they said. The bonds are rated AAA by ICRA and CARE and the issue will close for subscription on Friday.


The issue has a greenshoe option to retain an additional 3 billion rupees.


In January, the company raised 6.84 billion rupees via the primary issuance of this note. ($1 = 82.8330 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe Editing by Sonia Cheema)

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