($1 = 82.4825 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D'Souza)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 15 (Reuters) - Indian Railway Finance Corp
(IRFC) has set a 7.74% coupon on bonds maturing in 15
years and 29 days and a coupon of 7.51% on bonds maturing in
three years and 29 days, three merchant bankers said on
Wednesday.
The state-run company has accepted bids worth 28.25 billion
rupees ($342.5 million) for the bonds maturing in over 15 years
and worth 18.25 billion rupees for the bonds maturing over three
years, they said.
The company had invited bids for both the bond issuances
earlier in the day.
The bonds are rated AAA by CRISIL and CARE and the issue
will be settled on Friday.
In February, IRFC raised 24.43 billion rupees through bonds
maturing in 10 years, one month and 18 days at a coupon of
7.75%.
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