India Infrastructure Finance Company Limited, commonly known as IIFCL, has launched the third tranche of its tax-free bonds from Monday i.e. February 17.

So, this is the third and most likely the last public issue of tax-free bonds by IIFCL for the current financial year. The company has already raised Rs. 7,176.21 crore through private placements and tranche I and tranche II of its earlier public issues. So, whatever is left over from its authorised limit of Rs. 10,000 crore, IIFCL has set that figure as its target to be raised in this public issue i.e. Rs. 2,823.79 crore.

The issue will remain open for subscription for almost a month to close on March 14. Here are the issue details which might interest you as an investor: