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

Indian Railway Finance

15/01/2025 07:09

MUMBAI, Jan 15 (Reuters) - Indian Railway Finance Corp  INID.NS  (IRFC) has accepted
bids worth 27.80 billion rupees ($321.54 million) for bonds maturing in 10 years, three bankers
said on Wednesday. 
    The state-run company will pay an annual coupon of 7.25% and had 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 Jan. 15
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 IRFC           10 years           7.25           27.80  Jan. 15      AAA (Crisil,
                                                                      Icra, Care)
 
*Size includes base plus greenshoe for some issues



($1 = 86.4580 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
 ((Dharamraj.dhutia@tr.com))