Indian Railways News => Topic started by greatindian on Mar 23, 2013 - 16:00:19 PM


Title - Indian Railway unit invites bids to raise at least 5 bln rupees via bonds - term sheet
Posted by : greatindian on Mar 23, 2013 - 16:00:19 PM

MUMBAI, March 21 (Reuters) - Indian Railway Finance Corp , the financing arm of Indian Railways, has invited quotes to raise at least 5 billion rupees ($92.04 million) through 10-year bonds, a term sheet showed.

The firm's borrowing programme is rated AAA by Crisil and Care, as per the document.

Bids have been invited on Friday and the pay-in date has been scheduled for Monday, it showed. ($1 = 54.3250 Indian rupees)