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
Tag: IDF
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Banks will get conservative in lending to infrastructure
Infrastructure developers won't really complain about the process of funding for their projects. Their problems remain getting the projects cleared for takeoff. BA Prabhakar, Chairman and Managing Director, Andhra Bank, speaking with Sumantra Das, explains the recent uncertainties and opportunities in infrastructure lending.
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IIFCL MF launches maiden IDF
IIFCL Mutual Fund recently launched its maiden infrastructure deft fund (IDF) scheme , which will undertake investment in debt securities or securitised debt instruments of infrastructure companies. It would also cater to infrastructure capital companies or infrastructure projects, special purpose vehicles and
bank loans
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IIFCL works towards regular credit enhancement scheme
SK Goel, Chairman of India Infrastructure Finance Company (IIFCL) informed that the firm was working towards launching a regular credit enhancement scheme from April. According to the scheme, the financial institution would provide partial guarantee to bonds issued by infrastructure firms and this would improve the credit rati
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Govt grants licence for infra debt fund
ICICI Bank, which is the largest shareholder of the first Infrastructure Debt Fund (IDF) under the non-banking finance company (NBFC) structure, received license for the fund from Finance Minister P Chidambaram. Following the receipt of the licence, commercial operations of the fund, named India Infradebt, would begin. Almost a year ago, the shareholders of the fund sign
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Govt grants licence for infra debt fund
ICICI Bank, which is the largest shareholder of the first Infrastructure Debt Fund (IDF) under the non-banking finance company (NBFC) structure, received license for the fund from Finance Minister P Chidambaram. Following the receipt of the licence, commercial operations of the fund, named India Infradebt, would begin. Almost a year ago, the shareholders of the fund sign
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Experts call for novel funding model for infra sector
Experts suggest government to come out with innovative financing model for funding infrastructure sector during the 2012-13 union budget. Two years ago, the government introduced infrastructure debt fund (IDF) for channelising long term fund into the sector. IDF may be set up as mutual fund under the trust model or as
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ADB holds parleys with banks on IDF
Hun Kim, Country Director of Asian Development Bank (ADB) informed that the multilateral lending institution is discussing with several banks on participating in the infrastructure debt fund (IDF) floated by them. It is learnt that ADB plans to participate in the IDF floated by domestic banks through the NBFC route. The current regulatory framework allows IDFs to be floated eith
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India on course to meet $1 trillion infra investment target
G Padmanabhan, Executive Director of Reserve Bank of India (RBI) remarked that the country is on course to meet its infrastructure investment target of $1 trillion during the ongoing 12th five-year plan (2012-17). Speaking at a conference in London, he said the funding process was working in a seamless manner and thing
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IL&FS’ infra debt fund to raise $1-bn initially
IL&FS Financial Services informed that the infrastructure debt fund (IDF) floated by it in a joint venture with Life Insurance Corp of India (LIC) may collect up to $1 billion in the beginning. It is learnt that the board of directors had initially advised raising $1 billion and then scaling up the size (eve