Unveiling a $30T Economic Vision Government funding has to be complemented by private sector investment. By 2018 to 2020, assets which were created in the early phase were completed and started earning revenue to become an asset class of its own. So that has again evinced interest of investors, says Padmanabhan Raja Jaishankar, Managing Director, India...
Tag: India Infrastructure Finance Company
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IIFCL confident to raise Rs 10,000-cr
India Infrastructure Finance Company (IIFCL) has expressed confidence that during the current financial year it would be able to achieve its target of raising Rs 10,000 crore. The government-owned company has so far raised about Rs 4,200 crore and expects to raise the remaining amount over two tranches, through bond issues of about Rs 2,500 to Rs 3,000 crore each.
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IIFCL to get $700 mn ADB infra loan
To fund India's infrastructural projects, the Manila-based Asian Development Bank (ADB) will give $ 700 million to the India Infrastructure Finance Company IIFCL) in the next one-and-a-half years. Of the $700 billion, $400 billion would be given to IIFCL by early 2014 and the remaining by early 2015.
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13 govt firms allowed to raise Rs 48,00 cr via bonds
To facilitate infrastructure needs of public sector institutions the Union government has permitted 13 such institutions to raise Rs 48,000 crore via tax free bonds in 2013-14. With this the government, for the first time, has allowed sovereign wealth funds (SWFs) in the private placement segment of these bonds.
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13 govt firms allowed to raise Rs 48,00 cr via bonds
To facilitate infrastructure needs of public sector institutions the Union government has permitted 13 such institutions to raise Rs 48,000 crore via tax free bonds in 2013-14. With this the government, for the first time, has allowed sovereign wealth funds (SWFs) in the private placement segment of these bonds.
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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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Sebi clears $1 bn IDF of IIFCL
SK Goel, Chairman and Managing Director of India Infrastructure Finance Company (IIFCL) said that the firm got Securities and Exchange Board of India's (Sebi) nod to launch $1 billion infrastructure debt fund (IDF). IIFCL expects to operationalise the fund in a month. Of the $1 billion corpus, 50 per cent would be contributed by Indian investors and 50 per cent by foreign investors, he said at the launch of first credit enhanced infrastructure bonds.
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IIFCL to raise funds via bond issue
India Infrastructure Finance Company (IIFCL) plans to use the fund raised through the forthcoming bond issue for long-term funding to PPP projects in sectors like power, infrastructure, etc, Chairman and Managing Director S K Goel said
The companyÂ’s Rs 1,500 crore bond issue with green shoe (over-allotment) option of up to the shelf limit of Rs 9,215 crore would open on December 26 and close on January 11. The bonds would be allotted on a first-come first-serve basis.
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On a double growth
India Infrastructure Finance Company’s (IIFCL) net profit has more than doubled to Rs 678 crore (Rs 330 crore) for the year ended 31 March 2012, aided by a big jump in net interest margin.
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Govt plans Rs 50,000 cr IDF
The government is planning an over Rs 50,000 crore infrastructure debt fund (IDF) with participation from a foreign bank, a multilateral agency, and state-owned financial institutions.