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

Indian Railway Finance

28/08/2024 07:18

MUMBAI, Aug 28 (Reuters) - Indian Railway Finance Corp  INID.NS  has accepted bids worth
29 billion rupees ($345.4 million)for bonds maturing in 10 years, three bankers said on
Wednesday.
    The state-run company had invited bids from bankers and investors for the issue earlier in
the day.
    
 Here is the list of deals reported so far on Aug. 28: 
             Issuer                                                             
                      Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 IRFC                 10 years      7.25           29              Aug 28       AAA (Crisil,
                                                                                Icra)
 JSW Steel            5 years       8.35           17.5            Aug 29       AA (Icra)
 JSW Steel            7 years       8.43           5               Aug 29       AA (Icra)
             IIFCL    10 years      To be decided  5+4.6           Aug 29       AAA (India
                                                                                Ratings)
             Data         10 years        Not yet           18.50  Aug 29       AAA (Crisil)
 Infrastructure                           decided                               
 Trust                                                                          
                                                                                
 *Size includes base plus greenshoe for some issues
 
 ($1 = 83.9510 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
 ((Bhakti.Tambe@thomsonreuters.com))