YEIDA to raise Rs 100 billion infrastructure bonds

The Yamuna Expressway Industrial Development Authority (YEIDA) has recently initiated a process to raise Rs 100 billion via infrastructure and municipal bonds for its upcoming big-ticket projects, including a rapid rail corridor. A prerequisite for the authority is to assess its creditworthiness before issuing the bonds. CRISIL and CARE have expressed interest in conducting this assessment. The selected firm will also assess the authority’s borrowing capacity for term loans.