In a move to stimulate the foreign flows into infrastructure bonds, the Finance Ministry has eased norms for foreign institutional investors (FIIs) for investing in long term infrastruĂÂcture bonds. To lure FIIs, it has reduced lock-up period on such holdings to one year from three years for a five-year bond for overseas institutions investing up to $5 billion in infrastructure bonds.
Tag: finance ministry
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IIFCL infra credit scheme
The credit enhancement scheme of India Infrastructure Finance Company (IIFCL) may be delayed further, as the finance ministry has asked the state-run lender to try it out for a few months before final launch.
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2 options for infra fund
The finance ministry is looking at two routes for the proposed infrastructure debt facility: the bond route through the debt fund and through the capital market.