For the Hyderabad metro rail project, L&T is close to striking a Rs 1,000-crore external commercial borrowing (ECB) deal with India Infrastructure Finance Co (IIFCL).
Tag: India Infrastructure Finance
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GMR to issue ` 316 cr bond issue for hÂ’way project
GMR Group would launch long-term infrastructure bond issue for its highway project in January, India Infrastructure Finance Company (IIFCL) said. The Rs 316-crore issue will be partly guaranteed by IIFCL, a state-run infra lender, through its credit enhancement scheme. GMR plans to raise around Rs 316 crore through the issue and IIFCL would guarantee the bonds issue to the tune of 24 per cent.