India New Issue-IRFC sets 7.67% coupon on 10-year bonds - bankers

Indian Railway Finance

13/12/2023 06:04

MUMBAI, Dec 13 (Reuters) - Indian Railway Finance Corp (IRFC)  INID.NS  has set 7.67%
coupon on its bonds maturing in 10 years, three bankers said on Wednesday.
    The state-run company accepted bids worth 29.80 billion rupees ($357.38 million), and had
invited bids earlier in the day for this issue. 
    In November, IRFC raised 24.04 billion rupees via bonds maturing in three years at a coupon
of 7.68%.
    
 Here is the list of deals reported so far on Dec. 13:
 Issuer     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
 IRFC              10 yr  7.67                    29.80  Dec. 13      AAA (Crisil,
                                                                      Icra)
 
* Size includes base plus greenshoe for some issues

  ($1 = 83.3850 Indian rupees)

 (Reporting by Bhakti Tambe)
 ((Bhakti.Tambe@thomsonreuters.com))