The bonds are rated AAA by CRISIL, CARE and ICRA and the issue will be settled on Tuesday. The issue had a base size of 5 billion rupees and a greenshoe option to retain an oversubscription of up to 25 billion rupees. The notes will mature on April 15, 2033. In January, IRFC had raised 25 billion rupees through bonds maturing in three years and three months and in 10 years and three months at a 7.40% and 7.65% annual coupon, respectively. ($1 = 82.9050 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sonia Cheema)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 27 (Reuters) - Indian Railway Finance Corp
has set a 7.75% coupon on its bonds maturing in 10 years, one
month and 18 days, three merchant bankers said on Monday.
The state-run company has accepted bids worth 24.43 billion
rupees ($294.7 million) for this issue, for which it had invited
bids earlier in the day.
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