IRFC Tax free Bonds 2013 Issue – Details & Review
(Last Date for IRFC Tax free Bonds is extended to 8-Feb-2013)
Indian Railway Finance Corporation (IRFC’s) tax-free bond issue is set to hit the market between 21-29 January 2013.
IRFC is offering tax-free secured redeemable non convertible bonds to raise Rs 1000 crore, with an option to retain oversubscription upto Rs 8886.40 crore. The issue is similar to previous Bonds of HUDCO, REC, PFC & IIFCL.
However, HUDCO is offering better rates. Check my post on HUDCO issue. Last Date for HUDCO is also extended to 7-Feb-2013
About the Company
IRFC primarily funds buying of locomotives, coaches and wagons for the Indian Railways. It receives lease rentals from the Railways, which is accounted for in the Railway Budget. This ensures that the loans are securitised against rollin...