India New Issue-IRFC accepts bids for 5-year bonds, bankers say

Indian Railway Finance

24/04/2025 08:38

MUMBAI, April 24 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 30 billion rupees ($351.24 million) for bonds maturing in five years, three bankers said on Thursday.

The company will pay an annual coupon of 6.78% 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 April 24:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
IRFC
5 years
6.78
30
April 24
AAA (Crisil, Icra, Care)
L&T Metro Rail (Hyderabad)
10 years
To be decided
28.72
April 25
AAA (Crisil)
Tata Power Renewable Energy
15 years
To be decided
10
April 24
AA+ (India Ratings)

*Size includes base plus greenshoe for some issues

($1 = 85.4120 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

 ((Dharamraj.dhutia@tr.com))