India Infrastructure Finance Company Limited (IIFCL) plans to raise up to Rs17,000 crore through bond issuances in FY24. The state-run company will be raising the fund in tranches of Rs2,000-3,000 crore, said its managing director P R Jaishankar. To meet its target, IIFCL is looking at five to six more tranches of bond issuances during the remainder of the year. As more bond borrowings go up, the share of bank borrowings will go down while IIFCL will be leveraging bond borrowings as part of the company's overall liability management. The company has also set a target of sanctioning infrastructure loans up to Rs50,000 crore in FY24.