India New Issue-NIIF Infra Finance to reissue 7.25% Feb 2031 bonds - bankers

MUMBAI, March 20 (Reuters) - India's NIIF Infrastructure Finance plans to raise at least 1.50 billion rupees ($18.18 million) through the reissue of 7.25% February 2031 bonds, three merchant bankers said on Monday. The company has invited bids from bankers and investors for the issue on Tuesday, they said.

The bonds are rated AAA by ICRA and the issue will be settled later this week.

The issue has a greenshoe option to retain an additional 4.50 billion rupees.

Earlier this month, the company raised 1.51 billion rupees through bonds maturing in five years at an annual coupon of 8.0550% on the issue.
($1 = 82.5200 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

India New Issue-NIIF Infra Finance to reissue 7.25% Feb 2031 bonds - bankers

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio