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IRFC lists USD 750-million medium-term note on India INX
Indian Railway Finance Corporation (IRFC) has listed USD 750 million medium-term note on BSE-owned India International Exchange s debt listing platform, the bourse said on Friday. The issue is part of IRFC s USD 4-billion global medium-term note programme, the exchange said in a statement.
The issue, at a coupon of 2.8 per cent per annum, was over-subscribed by more than 4 times. IRFC raised USD 750 million in 10-year money under its USD 4-billion global medium-term note programme established on the Global Securities Market (GSM) of India International Exchange (India INX) at GIFT IFSC, the exchange said.
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NEW DELHI: Indian Railway Finance Corporation (IRFC) has listed $750 million medium-term note on BSE-owned India International Exchange s debt listing platform, the bourse said on Friday.
The issue is part of IRFC s $4-billion global medium-term note programme, the exchange said in a statement.
The issue, at a coupon of 2.8 per cent per annum, was over-subscribed by more than 4 times. IRFC raised $750 million in 10-year money under its $4-billion global medium-term note programme established on the Global Securities Market (GSM) of India International Exchange (India INX) at GIFT IFSC, the exchange said.
The company has already listed $1.5 billion bonds under its $4 billion global medium-term note programme and $500 million green bond issuance on India INX.
IRFC Lists $750 Million Medium-term Note On India INX moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
IRFC lists $750 m bonds on India INX
February 12, 2021
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Listing at London and Singapore exchanges too
Indian Railway Finance Corporation Ltd (IRFC) on Friday listed its $750-million 10-year bonds under the $4-billion GMTN programme at India INX in GIFT-IFSC. It is also listing the bonds on London and Singapore stock exchanges to widen its reach to the investor community.
“We got fully subscribed in first 40 minutes for the $750 million bond. Our target for bond issuances this year is $2.5 billion of which only $0.75 billion has happened. So, in the next two months there is more to come,” said Amitabh Banerjee Chairman and Managing Director, IRFC.