Question

    National Housing Bank (NHB) and Indian Railway Finance

    Corporation (IRFC) have raised funds worth a total of _____ through sales of three-year bonds.
    A Rs.4100 crore Correct Answer Incorrect Answer
    B Rs.4300 crore Correct Answer Incorrect Answer
    C Rs.4500 crore Correct Answer Incorrect Answer
    D Rs.4700 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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