IDFC may issue tax-saving infra bonds in July-Sep

IDFC on Monday said it has learnt right"lessons" on issuing retail tax-saving infra bonds and will behitting the market with a fresh issue in second quarter of FY12, hoping toimprove on the Rs 1,400 crore it had mopped up last year.

"We have learnt the lessons as to how to place thesethings (the bond issue) on the market... last year we did Rs 1,400 crore inthree tranches and this year we expect to do better than that," IDFCManaging Director and Chief Executive Rajiv Lall told reporters here.

When asked about a time-frame to hit the market with theproposed issue, he said, "Probably in the second quarter (July-September2011)".

Tax saving retail infra bonds were introduced after anamendment in the Income Tax Act last year, which allow tax payers an additionalwindow of tax deduction for investments up to Rs 20,000.