New Delhi, Oct 10: Industrial Development Bank of India (IDBI) has targeted to mop up Rs 5,000 crore this fiscal through a combination of private placement of 'Omni' bonds and 'Flexi' bonds offered to the public. "We have targets of raising Rs 5,000 crore this fiscal through Omni and Flexi bonds," IDBI chairman P P Vora said here.

He said that the financial institution expected to mop up Rs 2,500 crore through the private placement of Omni bonds and another Rs 2,500 crore through the Flexi bonds, whose first tranch opened for subscription on Thursday.
In the first issue of tax-saving infrastructure bonds, IDBI targets to raise Rs 300 crore with the option of mopping up another Rs 300 crore. The remaining Rs 1,900 crore would be raised in the coming five months through tranches.
In the first issue of tax-saving infrastructure bonds, IDBI targets to raise Rs 300 crore with the option of mopping up another Rs 300 crore. The remaining Rs 1,900 crore would be raised in the coming five months through tranches. IDBI had obtained clearance from Central Board of Direct Taxes for the infrastructure bonds which offers over 9 per cent return. Bureau Report