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

Indian Railway Finance

25/03/2025 02:28

MUMBAI, March 25 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS plans to raise 30 billion rupees ($350.6 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in 10 years and one month, three bankers said on Tuesday.

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

IRFC did not immediately reply to a Reuters request for comment.

  Here is the list of deals reported so far on March 25:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
IRFC
10 year and 1 month
To be decided
5+25
March 26
AAA (Crisil, Icra, Care)
Cholamandalam Investment
2 years
To be decided
10+2
March 25
AA+ (Icra, India Ratings)

  * Size includes base plus greenshoe for some issues

($1 = 85.5800 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

 ((Dharamraj.dhutia@tr.com))