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

Indian Railway Finance

15/05/2025 05:02

MUMBAI, May 15 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) plans to raise 30 billion rupees ($350.62 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in five years, three bankers said on Thursday.

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

IRFC did not reply to a Reuters request for comment.

 Here is the list of deals reported so far on May 16:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
IRFC
5 years
To be decided
30
May 16
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.5625 Indian rupees)

 (Reporting by Khushi Malhotra; Editing by Nivedita Bhattacharjee
)

 ((Khushi.malhotra@tr.com))