India New Issue-IRFC to issue 10-year bonds - bankers

Indian Railway Finance

11/12/2023 09:11

MUMBAI, Dec 11 (Reuters) - Indian Railway Finance Corp  INID.NS  (IRFC) plans to raise
at least 5 billion rupees ($59.97 million) through the sale of bonds maturing in 10 years, three
bankers said on Monday.
    It has invited coupon and commitment bids for the issue on Wednesday, they said. 
    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. 11: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 IRFC              10 yr  To be decided            5+25  Dec. 13      AAA (Crisil,
                                                                      Icra)
 
*Size includes base plus greenshoe for some issues



($1 = 83.3811 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Sonia Cheema)
 ((Bhakti.Tambe@thomsonreuters.com))