Railways to raise around ₹2,000 cr via masala bonds
The Indian Railway Finance Corporation is planning to raise ₹1,000-2,000 crore through an issue of rupee-denominated offshore or masala bonds, Director of Finance Neeraj Kumar has said. The instruments will have a tenure of three-five years and the issue document will be ready within the next three weeks, Kumar added. S&P Global Ratings recently affirmed a ‘BBB-‘ rating on IRFC.