Reuters: Financial Services and Real Estate: IDFC plans to raise at least 1 bln rupees via bonds

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IDFC plans to raise at least 1 bln rupees via bonds May 8th 2012, 09:26 MUMBAI | Tue May 8, 2012 5:26am EDT MUMBAI May 8 (Reuters) - India's Infrastructure Development Finance Co is planning to raise at least 1 billion rupees ($18.90 million) via 18-month bonds at a yield to maturity of 9.77 percent, a company source with knowledge of the deal said on Tuesday. Axis Bank and Trust Capital are the arrangers to the deal, the source said. ($1 = 52.9050 Indian rupees) (Reporting by Archana Narayanan)

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