IIFCL Sets Foot In The Infrastructure Debt Market
The PSU subscribes to Infrastructure NCD’s issued by an Infrastructure Investment Trust (InvIT)
IIFCL in its endeavor to promote Long Term Infrastructure Debt Market in India has participated in the issue of Non-Convertible Debt Securities amounting to Rs. 325 Crore by placing its first e-bid in the issue of Virescent Renewable Energy Trust (VRET) on 4.2.2022. The NCDs are of a tenor of 10 years. This marks IIFCL’s first transaction under this initiative.
Keeping in mind country’s infrastructure needs and development of bond markets, IIFCL has widened its objectives by investing into Infrastructure Project Bonds. This would not only lead to further improvement in IIFCL’s asset quality, but also boost the availability of longer-tenor debt finance for infrastructure projects, thereby creating an environment that promotes long-term financing for infrastructure sector, especially through bond markets.