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Indian Railway Finance Corporation has recently updated and upsized its
global medium term note programme, pursuant to which the aggregate principal amount of notes that may be issued under the Programme has been increased from USD 2 billion to
USD 4 billion. The Programme is listed on the Singapore Exchange Securities Trading (SGX)
and the India International Exchange (IFSC) (INX).
Further, in connection with the above mentioned Programme, IRFC, rated Baa3 (Negative) / BBB- (Stable) /
BBB- (Negative) by Moody s / S&P / Fitch, respectively, has mandated BNP PARIBAS, DBS Bank,
HSBC, MUFG, SBICAP and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners to ....

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