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

Indian Railway Finance

13/12/2024 02:33

MUMBAI, Dec 13 (Reuters) - Indian Railway Finance Corp  INID.NS  (IRFC) has accepted
bids worth 23.45 billion rupees  ($276.33 million) for bonds maturing in 10 years, three bankers
said on Friday.
    The state-run company will pay an annual coupon of 7.09% on the issue and invited coupon and
commitment bids from bankers and investors on Thursday, the bankers said.
    The company did not immediately reply to a Reuters request seeking comment.
    
 
 Here is the list of deals reported so far on Dec. 13: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 IRFC           10 years           7.09           23.45  Dec. 12      AAA (Crisil,
                                                                      Icra)
 
*Size includes base plus greenshoe for some issues



($1 = 84.8620 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan)
 ((Dharamraj.dhutia@tr.com))