IRFC green bonds mop up $500 m on green bonds

IRFC _ IRFC_s maiden Green Bond Issuance--1
IRFC_s maiden Green Bond Issuance

Indian Railway Finance Corporation (IRFC) has raised $500 million via a green
bond offering and listed these instruments on the London Stock Exchange.

The ten-year tenor green bonds carry an annual yield of 3.835 per cent and are listed at LSE’s new international securities market.

IRFC had received strong international investor support and the bond offering was subscribed over three times.

Sixth Bond Issue
IRFC will use the proceeds to finance or refinance infrastructure for dedicated freight railway lines and passenger transport.

This is the sixth green bond transaction on LSE by an Indian issuer and fourth on LSE’s new international securities market. Green bond issues in London have mopped up over $3.2 billion in November alone.

Year-to-date this year, as many as 23 green bonds have been listed in London, raising $9.4 billion. This is against 14 green bond issues, which raised $5.7 billion in 2016.
In all 61 green bonds are listed on the LSE, and they have raised over $20 billion in seven currencies.

Nikhil Gandhi, CEO, London Stock Exchange Plc, said IRFC’s green bond listing is a significant milestone for India and IRFC, allowing the country to further tap a dynamic new international channel of finance for Indian infrastructure.

SK Pattanayak, MD, IRFC, Neeraj Kumar, CFO, and other senior officials opened the London Trading and listing celebrations of the IRFC’s green bonds.

IRFC _ IRFC_s maiden Green Bond Issuance
Celebrations of the IRFC’s Green Bonds

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s