IRFC shrugs off aborted loan, pitches banks for second try

Indian Railway Finance Corp last week asked banks to pitch for a $400m loan. The state-owned lender has given bankers until the end of the month to bid for the new deal, which is likely to have a five year tenor.

  • 19 May 2011

IRFC returns to the market just four months after it scrapped a $350m five year facility when Indian Oil Corp and Power Finance Corp tapped the sector at the same time raising $760m between them.

It was not the only public sector undertaking (PSU) to delay its loan earlier ...

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