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

Indian Railway Finance

11/12/2024 03:03

MUMBAI, Dec 11 (Reuters) - Indian Railway Finance Corp (IRFC)  INID.NS  plans to raise
30 billion rupees ($353.45 million), including a greenshoe option of 25 billion rupees, by
selling bonds maturing in 10 years, three bankers said on Wednesday.
    The state-run company has invited coupon and commitment bids from bankers and investors for
the issue on Thursday, the bankers said.
    The company did not immediately reply to a Reuters request seeking comment.
    
 
  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 years      To be decided  5+25            Dec. 12      AAA (Crisil,
                                                                      Icra)
            5 year and 5  To be decided           30+40  Dec. 12      AAA (Crisil,
   NABARD         months                                              Icra)
                                                                      
 
*Size includes base plus greenshoe for some issues



($1 = 84.8770 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan
)
 ((Dharamraj.dhutia@tr.com))