India New Issue-IRFC to issue 15-year bonds, bankers say

Indian Railway Finance

08/11/2024 02:44

MUMBAI, Nov 8 (Reuters) - Indian Railway Finance Corp  INID.NS  plans to
raise 30 billion rupees ($355.80 million), including a greenshoe option of 25
billion rupees, selling bonds maturing in 15 years, three bankers said on
Wednesday.
    The state-run company has invited bids from bankers and investors for the
issue on Monday, the bankers said.
    The company did not immediately reply to a Reuters email seeking comment.  
    
 
  Here is the list of deals reported so far on Nov. 8
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 IRFC           15 years  To be decided            5+25  Nov. 11      AAA (Crisil,
                                                                      Icra)
 
*Size includes base plus greenshoe for some issues



($1 = 84.3180 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))