IRFC sells $750 million bonds at 2.80% after listing The bonds will be issued on 10 February, 2021 for a tenor of 10 years at a fixed rate of 2.80%. (Ramesh Pathania/Mint) Share Via Read Full Story Indian Railway Finance Corporation (IRFC) today said it has sold USD 750 million worth of dollar-denominated bonds to overseas investors priced at a coupon of just 2.80% 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 ₹4,633 crore through a public issue. It was subscribed 3.49 times during January 18-20. TRENDING STORIESSee All