IIFCL would issue bonds worth 2 billion rupees on 10th or 11th of this month. It is eyeing raising subordinated debt to fund new projects, its chairman S.S.Kohli said in a conferance call with investors.
They would also raise subordinated debt with a maturity of 12 years to 15 years with 2-5 years moratorium and could be raised both locally and overseas.
"Quantum initially could be 1,000 crore (10 billion rupees). It could be raised further, depending on requirements," Kohli said.
Source: "Reuters India"
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