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    IRFC — Indian Railway Finance News Story

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

    Picture of Indian Railway Finance logoIndian Railway Finance
    16/05/2025 07:38
    MUMBAI, May 16 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 30 billion rupees ($350.6 million) for bonds maturing in 5 years, three bankers said on Friday.

It will pay a coupon of 6.65% and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on May 16:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    IRFC5 years6.65%30May 16AAA (Crisil)
    

*Size includes base plus greenshoe for some issues

($1 = 85.5660 Indian rupees)

 (Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)

 ((Khushi.malhotra@tr.com))

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