IRFC issues US$ 1 Billion Bonds in dual tranches under the US$ 2 Billion Global Billion Medium Term Note Programme

J. Sagar Associates (JSA) advised Indian Railway Finance Corporation  (IRFC) in connection with the issue of  USD 1 Billion Bonds in dual tranches of US$ 700 Million (10 years) and US$ 300 Million (30 years) Bonds under IRFC’s US$ 2 Billion Global Medium Term Note (MTN) Programme.

The JSA team comprised Partners – Dina Wadia and Uttara Kolhatkar.

IRFC’s US$ 1 Billion Bond transaction is the first US Dollar 30-year tranche Bond from an Indian state-owned Issuer.

This transaction also witnessed a record investor interest (demand of US$ 8 Billion worth for  US$ 1 Billion Bonds) in the back – drop of the crisis created by the outbreak of the Coronavirus (COVID-19) disease in the global markets

The JSA team comprised Partners – Dina Wadia and Uttara Kolhatkar.