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 MF launches maiden IDF
IDBI Bank issues long-term bonds worth $500 mn
Reports suggest that response for the latest long-term bond issue by the state-run IDBI Bank was robust with subscription five times the issue size. HSBC and Standard Chartered Bank were arrangers for the offering. Initially the indicative yield for bonds with tenure of five years and 10 months, was US treasury plus 315 basis points. Finally, it was fixed at T plus
PFC to raise Rs 16,800 cr
Power Finance Corp (PFC) is hoping to raise nearly Rs 16,800 crore in the coming months through issue of securities, including tax-free bonds. Further, PFC has received regulatory approval for $1 billion