New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What type of bonds did the Indian Railway Finance

    Corporation (IRFC) raise in November 2024?
    A 5-year bonds Correct Answer Incorrect Answer
    B 7-year bonds Correct Answer Incorrect Answer
    C 10-year bonds Correct Answer Incorrect Answer
    D 15-year bonds Correct Answer Incorrect Answer
    E 20-year bonds Correct Answer Incorrect Answer

    Solution

    The Indian Railway Finance Corporation (IRFC) raised ₹2,345 crore through 10-year bonds at a coupon rate of 7.09% in November 2024. This was slightly reduced from the previous coupon rate of 7.14%, reflecting cost-effective borrowing in the bond market.

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