India New Issue-IRFC accepts bids for 15-year bonds, bankers say

Indian Railway Finance

12/02/2025 08:28

MUMBAI, Feb 12 (Reuters) - Indian Railway Finance Corp (IRFC) has accepted bids worth 30
billion rupees ($345.28 million) for bonds maturing in 15 years, three bankers said on
Wednesday.
    The company will pay an annual coupon of 7.28% on this issue and had invited coupon and
commitment bids from bankers and investors earlier in the day, they said.
    IRFC did not reply to a Reuters request for comment. 
 
  
  Here is the list of deals reported so far on February 12:
                                                                             
 Issuer            Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                bln rupees)*    date         
                                                                             
 IRFC              15 years      7.28%          30              Feb. 12      AAA (Crisil,
                                                                             Icra, Care)
                   nearly 3      To be decided  5.50+5          Feb. 13      Provisional
 Bamboo Hotel and  years                                                     A+(CE)(Icra)
 Global Centre                                                               
                                                                             
             HDFC      10 years  To be decided             9+1  Feb. 13      AAA (Icra)
 Life Insurance                                                              
                                                                             
 
* Size includes base plus greenshoe for some issues

($1 = 86.8850 Indian rupees)

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