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

Indian Railway Finance

24/12/2024 06:47

MUMBAI, Dec 24 (Reuters) - Indian Railway Finance Corp  INID.NS  (IRFC) has accepted
bids worth 28.40 billion rupees ($333.36 million) for bonds maturing in 10 years, three bankers
said on Tuesday.
    The state-run company will pay an annual coupon of 7.15% and invited coupon and commitment
bids from bankers and investors earlier in the day, 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. 24: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 IRFC           10 years           7.15           28.40  Dec. 24      AAA (Crisil,
                                                                      Icra, Care)
 
*Size includes base plus greenshoe for some issues



($1 = 85.1930 Indian rupees)

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