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India Infradebt to issue Rs 5 bn worth debentures

India Infradebt to issue Rs 5 bn worth debentures

In order to finance infrastructure projects, India Infradebt is in the process of issuing Rs 500 crore worth of debenture. The debenture was assigned AAA/Stable rating by CRISIL. ICICI Bank, Bank of Baroda, Life Insurance Corporation of India and Citicorp Finance (India) jointly promoted Infradebt as an infrastructure debt fund (IDF) in the non-banking financial company