IFC Raises Rs 180 Crore Via 'Maharaja Bonds'

Mumbai: IFC, part of the World Bank group, on Tuesday said it has raised an $27 million or Rs 180 crore by issuing rupee-denominated 'Maharaja' bonds under a $2.5 billion programme. The money will be invested in the country's infrastructure sector and the bonds are listed on the National Stock Exchange, an IFC statement said here. "By reissuing Maharaja bonds we are making a new contribution to the development of India's debt capit...