Question
Indian Railway Finance Corporation (IRFC) has sold two
sets of bonds worth a total of ₹3,940 crore, while ________ has sold 10-year tier-II bonds worth ₹1,500 crore.Solution
Indian Railway Finance Corporation (IRFC) has sold two sets of bonds worth a total of ₹3,940 crore, while IDFC First Bank sold 10-year tier-II bonds worth ₹1,500 crore. IRFC raised ₹1,940 crore through bonds maturing in October 2028 at a rate of 7.45% and ₹2,000 crore through bonds maturing in October 2026 at a rate of 7.41%.
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