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Market Borrowing Arm Of Indian Railways Sees Profit Rise By Nearly 16 Per Cent To Rs 2934 crore


Market Borrowing Arm Of Indian Railways Sees Profit Rise By Nearly 16 Per Cent To Rs 2934 crore
by Arun Kumar Das - Feb 15, 2021 04:54 AM
Train passing by (Flickr)
Snapshot
The company has been able to raise funds at the most competitive rates and terms both from the domestic and overseas financial markets which has helped to keep its cost of borrowing low.
Indian Railway Finance Corporation Limited, the dedicated market borrowing arm of the Indian Railways, has posted profit growth of 15.65 per cent to Rs 2934 crore for the quarter ended 31 December, 2020.
The company has reported a net profit of Rs 2,537 crore for the corresponding nine months in the previous year. ....

Amitabh Banerjee , Indian Railways , Managing Director Amitabh Banerjee , Indian Rail System , Non Performing Assets , Capital Adequacy Ratio , Indian Railway Finance Corporation Limited , அமிதாப் பானர்ஜி , இந்தியன் ரயில்வே , நிர்வகித்தல் இயக்குனர் அமிதாப் பானர்ஜி , இந்தியன் ரயில் அமைப்பு , அல்லாத நிகழ்த்துகிறது சொத்துக்கள் , இந்தியன் ரயில்வே நிதி நிறுவனம் வரையறுக்கப்பட்டவை ,

IRFC issues $750 million bonds at a fixed rate of 2.80% after listing


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)
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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.
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IRFC issues USD 750,000,000 bonds at a fixed rate of 2.80 pc


IRFC issues USD 750,000,000 bonds at a fixed rate of 2.80 pc
Mumbai, Feb 4 (UNI) Indian Railway Finance Corporation Limited (IRFC) the dedicated market borrowing arm of the Indian Railways on February 3, 2021 priced its USD 750,000,000 bonds based on a Rule 144A / Regulation S offering format under IRFC s recently updated USD 4 billion global medium term note programme.
The bonds will be issued on February 10,2021 for a tenor of 10 years at a fixed rate of 2.80 pc. The bonds carry semi-annual interest payment and bullet principal repayment.
Commenting on the issuance, Shri Amitabh Banerjee, Chairman and Managing Director, IRFC, said, IRFC is a well-known name in the foreign bond issuance. The amount is a part of our USD 4 billion global term note programme. We will be looking to raise the rest of the amount by the end of this fiscal. Our credit ratings are similar to the sovereign rating of the country which help us in getting competitive rates with suitable tenors. ....

United States , City Of , United Kingdom , Shri Amitabh Banerjee , India International Exchange , Asset Management Companies , Life Insurance Companies , Indian Railway Finance Corporation Limited , Singapore Exchange Securities Trading , Indian Railways , Managing Director , Sovereign Wealth Funds , Pension Funds , Middle East , Singapore Exchange Securities Trading Limited , International Securities Market , London Stock , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , திரு அமிதாப் பானர்ஜி , இந்தியா சர்வதேச பரிமாற்றம் , சொத்து மேலாண்மை நிறுவனங்கள் , வாழ்க்கை காப்பீடு நிறுவனங்கள் , இந்தியன் ரயில்வே நிதி நிறுவனம் வரையறுக்கப்பட்டவை , சிங்கப்பூர் பரிமாற்றம் பத்திரங்கள் வர்த்தக ,