IRFC raises ₹2,981 crore through bond issue
pre-market1 source ↓written by the desknot a recommendation
- via ten-year zero-coupon
- ₹2,981 crore
- attracting bids
- ₹7,500 crore
- a yield
- 6.799%
- benchmark rate
- 7.15%
Indian Railway Finance Corporation raised ₹2,981 crore via ten-year zero-coupon bonds, attracting bids over ₹7,500 crore. The bonds were priced at a yield of 6.799%, lower than the 7.15% benchmark rate, indicating strong demand in the debt market. Proceeds will fund railway infrastructure projects, supporting modernization efforts.
Not investment advice. For informational purposes only.