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IDFC to raise foreign currency borrowing

Infrastructure Finance
December 1, 2011December 1, 2011
IDFC to raise foreign currency borrowing
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Infrastructure Development Finance Company (IDFC) is planning to step up foreign currency borrowing. The company's foreign currency borrowings more than doubled through the year to Rs 4,131 crore, while its share increased from six per cent to 10 per cent of the total borrowings at the end of the second quarter. Long-tenure bonds and debentures account for 63 per cent, while rupee loans constitute 14 per cent of the total borrowing.

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