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

Indian Railway Finance

23/12/2024 02:55

MUMBAI, Dec 23 (Reuters) - Indian Railway Finance Corp  INID.NS  (IRFC) plans to raise
30 billion rupees ($353.01 million), including a greenshoe option of 25 billion rupees, selling
bonds maturing in 10 years, three bankers said on Monday.
    The state-run company has invited coupon and commitment bids from bankers and investors on
Tuesday, 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. 23: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 IRFC           10 years  To be decided            5+25  Dec. 24      AAA (Crisil,
                                                                      Icra, Care)
 
*Size includes base plus greenshoe for some issues



($1 = 84.9830 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
 ((Dharamraj.dhutia@tr.com))