India New Issue-IRFC to issue 5-year bonds, bankers say

Indian Railway Finance

23/04/2025 03:20

MUMBAI, April 23 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) plans to raise 30 billion rupees ($351.96 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in five years, three bankers said on Wednesday.

The company has invited coupon and commitment bids from bankers and investors on Thursday, they said.

IRFC did not reply to a Reuters request for comment.

 Here is the list of deals reported so far on April 23:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
IRFC
5 years
To be decided
5+25
April 24
AAA (Crisil, Icra, Care)

*Size includes base plus greenshoe for some issues

($1 = 85.2380 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))