India New Issue-NIIF Infra Finance to issue 10-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, May 4 (Reuters) - India's NIIF Infrastructure Finance plans to raise 5 billion rupees ($61.2 million) through bonds maturing in 10 years, three merchant bankers said on Thursday. The company has invited bids from bankers and investors on Monday, they said. The bonds are rated AAA by ICRA and the issue will be settled on Tuesday. In April, the company raised 4 billion rupees via the reissue of 7.17% August 2031 bonds.


($1 = 81.7240 Indian rupees) (Reporting by Bhakti Tambe; Editing by Savio D'Souza)

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