Bonds- IDFC

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Bond

IDFC to sell tax-free infra bonds from Jan 17

Infrastructure Development Finance Company Ltd will open sale of tax-free infrastructure bonds with a face value of 5,000 rupees each on Jan. 17, raising upto 29.29 billion rupees for the firm.   The issue - a second such bond sale by the firm in last six months will close on Feb 4.  Last year, it sold first tranche of infrastructure bonds evincing heavy retail demand.

World Bank issues first yaun bonds

The World Bank has issued its first bonds in the yuan as China promotes the international use of its currency, also known as renminbi.  The World Bank said that it is raising 500 million yuan ($76 million) by issuing the two-year bonds, which pay out 0.95 percent in interest semi-annually.  The money would be added to its normal pool of cash, rather than being raised for a specific purpose.  The bonds are issued in Hong Kong by the Washington-based lender's International Bank for Reconstruction and Development arm.