India’s NIIF Infrastructure Finance plans to raise at least 500 million rupees ($6.12 million) through the reissue of 7.17%, August 2031 bonds, three merchant bankers said on Monday.
The company has invited bids from investors and merchant bankers on Tuesday between 1110 IST to 1215 IST on the National Stock Exchange’s electronic platform, they said.
The issue also has a greenshoe option to retain an additional subscription of 2 billion rupees.
The bonds are rated AAA by ICRA and CARE and the issue will close for subscription on Wednesday.