IRFC Bonds: Exploring the Rs 3,000 Crore Capital Gain Issue

Shoonyafi22 Nov, 2023Other

Indian Railway Finance Corporation (IRFC) is set to launch bonds, aiming to raise Rs 3,000 crore, which includes a Rs 2,500-crore greenshoe option. The maturity date for these bonds is November 11, 2026. A greenshoe option, also known as an overallotment option, is a provision that allows the underwriters of financial security, which can be stocks or bonds the case may be to issue more shares or bonds than originally planned by the issuer.