Question

    National Housing Bank (NHB) and Indian Railway Finance

    Corporation (IRFC) have raised funds worth a total of ₹4,500 crore through sales of three-year bonds.Of this,NHB issued three-year debt worth ______ at a rate of interest of 7.22%.
    A Rs.1200 crore Correct Answer Incorrect Answer
    B Rs.1800 crore Correct Answer Incorrect Answer
    C Rs.2000 crore Correct Answer Incorrect Answer
    D Rs.2500 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    National Housing Bank (NHB) and Indian Railway Finance Corporation (IRFC) have raised funds worth a total of ₹4,500 crore through sales of three-year bonds. NHB issued three-year debt worth ₹2,000 crores 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 crores at a rate of interest of 7.23%. IRFC’s bonds will mature in October 2026.

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