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IRFC raised ₹1,940 crore through bonds maturing in October 2028 at a rate of 7.45% and ₹2,000 crore through bonds maturing in October 2026 at a rate of 7.41%, sources aware of the development said. The bonds are rated AAA by rating agencies Crisil, ICRA and Care.
There may not be a scramble for fixed-income instruments like was the case a few months back, but brokers say equities are getting a tough competition from bank FDs because of the attractive interest rates on offer
The bank's quarterly net profit grew 134 per cent YoY, from Rs. 343 crore in Q4-FY22 to Rs. 803 crore in Q4-FY23
After this allotment, the paid up share capital of IDFC First has gone up to ₹66,19,14,48,510.
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