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Indian Railway unit invites bids to raise at least 5 billion rupees via bonds
Indian Railway Finance Corp., the financing arm of Indian Railways , has invited quotes to raise at least 5 billion rupees ($92.04 million) through 10-year bonds, a term sheet showed.The firm’s borrowing program is rated AAA by Crisil and Care, as per the document.
Bids have been invited and the pay-in date has been scheduled. (Reuters)
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