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The bond issues of NBFC firm India Infoline Finance (IIFL) and state-owned Housing and Urban Development Corporation (Hudco) mopped up Rs 384 crore and Rs 363 crore on the opening day, stock exchange data shows.
IIFL is planning to raise Rs 1,050 crore through public issue of non-convertible debentures (NCDs). Meanwhile, Hudco is aiming to raise Rs 4,809.2 crore through a tax-free NCD issue.
Also, SREI Infrastructure Finance, whose Rs 200 crore NCD issue closed today, managed to raise just Rs 106 crore, as per provisional data.
The IIFL NCD issue, which is offering coupon of up to 12.68%, closes on October 4. Hudco, which is offering tax-free interest of up to 8.71%, will close on October 14. Both the issues, however, can close earlier if the garner full subscription.
