India Infrastructure Finance Company Limited [ IIFCL] Tax Free Bond Feb 2014 Tax Free Interest Rate up to 8.80% p.a. ,Pre Tax Rate 12.74% p.a.
IIFCL is wholly-owned ‘Government company‘. Commenced its operations in April 2006 and were notified as a public financial institution in January 2009. Provide financial assistance to long-term infrastructure projects in the sectors as per the Harmonized list.
Provide refinance for loans sanctioned by banks and other eligible institutions, in accordance with the eligibility criteria set out in the refinance scheme.In accordance with Government of India policy to boost infrastructure development through PPP projects, their lending initiatives are primarily focused on PPP projects, or projects awarded through competitive bidding The Company has three wholly owned subsidiaries,India Infrastructure Finance Company (UK) Limited (“IIFC (UK)”),IIFCL Projects Limited (“IPL”) and IIFCL Asset Management Company Limited (“IAMCL”). IIFCL is also a contributor, along with IDFC and Citigroup Inc., in the India Infrastructure Fund (“IIF”), constituted in February 2007 to facilitate large scale capital investments in infrastructure assets in India through a combination of long term debt and equity capital raised in several tranches.