Government company Indian Railway Finance Corporation (IRFC) and Infrastructure Finance Company Limited (IIFCL) on Wednesday raised Rs 4,000 crore from long -term bonds at attractive coupon rates. Sources gave this information.
IRFC has raised Rs 3,000 crore from 10 years bond at 7.17 percent interest rate, while IIFCL has raised Rs 1,000 crore from 7 years bond at 7.28 percent interest rate. Along with this, Housing and Urban Development Corporation (Hadco) on Tuesday raised Rs 2,000 crore from 10 years bonds at 7.19 percent interest rate.
The market stakeholders said that the investors made aggressive purchases before the April Monetary Policy Committee (MPC) meeting. Venkatakrishnan Srinivasan, founder and managing partner of Rockfort Finquap LLP, said, “Especially the corporate bonds issued by public sector organizations like Exim Bank, Hadco, IREFC and IIFCL have seen a strong bid-to-cuisine ratio in corporate bonds released by public sector institutions, in which first-to-monetary investors were seen in the corporate bonds, in which the possible monitoring policy changes have been seen by the potential monitoring policy changes Is done.’
First Published – March 26, 2025 | 10:11 PM IST
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(Tagstotranslate) IRFC bond issuance