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

Indian Railway Finance

09/07/2024 11:12

MUMBAI, July 9 (Reuters) - Indian Railway Finance Corp  INID.NS  plans to
raise up to 30 billion rupees ($359.35 million), including a greenshoe of 25
billion rupees, through bonds maturing in 10 year, three bankers said on Tuesday.
    The state-run company has invited bids from bankers and investors for the
issue on Thursday, they said. 
    
 Here is the list of deals reported so far on July 9: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)     date         
                                                                      
               15 months  To be decided              10  July 10      AA- (Crisil)
   Vedanta                                                            
                                                                      
 IRFC       10 years      To be decided  5+25            July 11      AAA (Crisil,
                                                                      Icra)
 
($1 = 83.4845 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Janane Venkatraman
)
 ((Bhakti.Tambe@thomsonreuters.com))