India New Issue-IRFC accepts bids for 10-year bonds, bankers say

Icici Prudential Life Insurance

27/11/2025 07:06

MUMBAI, Nov 27 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 29.82 billion rupees ($334.04 million) for deep-discount zero coupon bonds maturing in 10 years, three bankers said on Thursday.

It will pay a yield of 6.7992% on this issue and had invited commitment bids earlier in the day, they said.

IRFC did not immediately respond to a Reuters email seeking comment.

  Here is the list of deals reported so far on November 27:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
IRFC
10 years
6.7992 (yield)
29.82
November 27
AAA (Crisil, Icra)
ICICI Prudential Life
10 years
7.69
11.95
November 27
AAA (Crisil, Icra)
Bharti Telecom
2 years
7.30
42.50
November 28
AAA (Crisil)
Bharti Telecom
3 year and 2 months
7.40
42.50
November 28
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 89.2700 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)

 ((Dharamraj.dhutia@tr.com))