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

Indian Railway Finance

14/01/2025 03:09

MUMBAI, Jan 14 (Reuters) - Indian Railway Finance Corp (IRFC)  INID.NS  plans to raise
30 billion rupees ($346.5 million), including a greenshoe option of 25 billion rupees, by
selling bonds maturing in 10 years, three bankers said on Tuesday.
    The state-run company has invited coupon and commitment bids from bankers and investors on
Wednesday, 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 Jan. 14: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 IRFC           10 years  To be decided            5+25  Jan. 15      AAA (Crisil,
                                                                      Icra, Care)
    
 *Size includes base plus greenshoe for some issues
 
 ($1 = 86.5730 Indian rupees)
    
    

 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Dharamraj.dhutia@tr.com))