As per recent interview of LIC’s Chairman TS Vijayan with CNBC-TV18, LIC may not be able to launch the infra bonds early in 2011. LIC may postpone the infrastructure bonds launch due to many challenges, As per recent interview of LIC’s Chairman TS Vijayan with CNBC-TV18.
Two main concerns that TS Vijayan mentioned is, investment pattern of the money raised from bonds and adding insurance component along with the bonds. LIC will launch the infra bonds after getting guidelines from IRDA on these two issues. LIC has planned to raise Rs.5000 crore via infrastructure bonds.