Indian Railway Finance Corporation (IRFC) has sold $750 million worth of dollar-denominated bonds to overseas investors priced at a coupon of just 2.80 per cent per annum. This is the maiden debt market activity that Railways' financing arm has done since going public on January 29 after the biggest IPO of the fiscal collecting Rs 4,633 crore through a public issue. It was subscribed 3.49 times during January 18-20.
IRFC was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter's operations.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 464.85 |
| REC | 373.35 |
| Indian Railway Fin. | 104.85 |
| NHIT | 151.00 |
| Satin Creditcare | 174.75 |
| View more.. | |
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