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IRFC raises $500 million via green notes issuance

21 Jan 2022 Evaluate

Indian Railway Finance Corporation (IRFC) ) has raised $500 Million by allotment of fixed rate, senior, unsecured green notes under its $7000 million global medium term note programme. The Notes will be listed on India International Exchange (IFSC) and NSE IFSC.

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.

Peers
Company Name CMP
Power Finance Corpn. 353.25
REC 312.90
NHIT 171.00
Satin Creditcare Net 216.75
IFCI 82.32
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