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India's IIFCL garners at least 8.93 bln rupees via tax free bonds - sources
August 27, 2013 / 9:03 AM / 4 years ago

India's IIFCL garners at least 8.93 bln rupees via tax free bonds - sources

MUMBAI, Aug 27 (Reuters) - India Infrastructure Finance Company Ltd garners at least 8.93 billion rupees ($138.48 million) through tax free bonds, three sources with direct knowledge of the deal said.

The bidding for the bonds are through a multiple price-based auction, with funds mainly being raised at 100.12 for 15-year bonds, they said. ($1 = 64.4850 Indian rupees) (Reporting by Archana Narayanan; Editing by Supriya Kurane)

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