Question
National Housing Bank (NHB) and Indian Railway Finance
Corporation (IRFC) have raised funds worth a total of _____ through sales of three-year bonds.Solution
National Housing Bank (NHB) and Indian Railway Finance Corporation (IRFC) has raised funds worth a total of ₹4,500 crore through sales of three-year bonds. NHB issued three-year debt worth ₹2,000 crore at a rate of interest of 7.22%. The bonds will mature in July 2026.IRFC sold three-year non-convertible debentures worth ₹2,500 crore at a rate of interest of 7.23%. IRFC’s bonds will mature in October 2026.
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