Infrastructure Development Finance Company (IDFC) has extended the closing date of its long-term infrastructure bonds by five days to March 21.

The bonds have a face value of Rs 5,000 each and are secured, redeemable, non-convertible debentures, having benefits under Section 80 CCF of the Income Tax Act. The issue opened on February 28.

IDFC expects to mop up

Rs 3,400 crore through the issue.

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