IRFC on track for Masala bond next month

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By Narae Kim
17 Aug 2016

State-owned Indian Railway Finance Corp (IRFC) is steaming ahead with plans to issue its maiden offshore rupee-denominated bond in late September.

The Baa3/BBB- rated company is finally moving closer to selling Masala debt, about six months after first announcing its intention to issue. In January, IRFC was picked to be the first corporate Masala issuer from India as part of a number of agreements made between UK chancellor George Osborne ...

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