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IIFCL gets overwhelming response for its fund-raising programme

By IndianMandarins- 30 May 2023


New Delhi (30.05.2023) To provide innovative financing solutions to promote and develop world-class infrastructure in India, IIFCL’s fund raising programme received an overwhelming response with bid subscription of Rs 4,725 Crore, which is nearly 10 times of the base issue size of Rs 500 Crore. The company retained Rs 500 crore at 7.46 per cent for 10-year paper.
IIFCL is government-owned financial institution that caters to all infrastructure sub-sectors through its various products, viz, Direct Lending, Takeout Finance, Credit Enhancement, InvITs, Infrastructure Bonds and Refinances to Banks along with other eligible financial institutions for their loans to infrastructure projects. 
IIFCL also provides inputs and policy support in infrastructure financing space to the Government through various forums. The company provides long-term finance to viable infrastructure projects encompassing various financial solutions to adopt best practices in financing infrastructure and developing core competencies in facilitating infrastructure development. The company has the mandate to finance greenfield and brownfield projects through products like Direct Lending, Takeout Finance, Subordinate Debt, Credit Enhancement Guarantee, Refinance, and InvITs.

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