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Indian Railway unit invites bids to raise at least 5 bln rupees via bonds - term sheet

Source : REUTERS
Last Updated: Thu, Mar 21, 2013 07:20 hrs

MUMBAI, March 21 (Reuters) - Indian Railway Finance Corp , the financing arm of Indian Railways, has invited quotes to raise at least 5 billion rupees ($92.04 million) through 10-year bonds, a term sheet showed.

The firm's borrowing programme is rated AAA by Crisil and Care, as per the document.

Bids have been invited on Friday and the pay-in date has been scheduled for Monday, it showed. ($1 = 54.3250 Indian rupees) (Reporting by Archana Narayanan; Editing by Subhranshu Sahu)



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