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

Indian Railway Finance

26/03/2025 07:13

MUMBAI, March 26 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS has accepted bids worth 30 billion rupees ($349.7 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in 10 years and one month, three bankers said on Tuesday.

The company has invited coupon and commitment bids from bankers and investors on Wednesday, they said.

IRFC did not reply to a Reuters request for comment.

   Here is the list of deals reported so far on March 26:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
IRFC
10 years
7.17
30
March 26
AAA (Crisil, Icra, Care)
HDB Financial
2 years
To be decided
2+2
March 27
AAA (Crisil, Care)
HDB Financial
2 years and 8 months
To be decided
1+4
March 27
AAA (Crisil, Care)
NaBFID
10 years
To be decided
10+20
March 27
AAA (Crisil, Icra)
IndiGrid Infra Trust
3-year and 6 months
To be decided
5
March 26
AAA (Icra, Crisil)
IndiGrid Infra Trust
22 years
To be decided
0.7
March 26
AAA (Icra, Crisil)
IndiGrid Infra Trust
22 years
To be decided
6.3
March 26
AAA (Icra, Crisil)
Cholamandalam Investment
2 years
8.19
11.75
March 25
AA+ (Icra, India Ratings)

*Size includes base plus greenshoe for some issues

($1 = 85.7910 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))