IFC issues fourth tranche of its 3 year bonds

Tags: bonds, IFC, News
International Finance Corp (IFC), a part of the World Bank group, has issued a fourth tranche of its three-year bonds to raise Rs 700 crore at 7.75%, tapping overseas investors amid renewed uncertainty in the global economy.

This tranche takes the outstanding global rupee bonds to Rs 3,000 crore, with investors ranging from asset managers and banks from the United States and Europe, IFC said in a statement on Friday.

The sale, a part of IFC's $1 billion global rupee bond programme, is seen as a step towards liberalisation of the partially convertible rupee.

EDITORIAL OF THE DAY

  • PSU banks can take a lesson from their private peers on disclosures

    The country’s top private lenders ICICI Bank and Axis Bank declared their fourth quarter earnings recently and both stepped up their asset quality d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Rajgopal Nidamboor

Timeless idiom of mindful living

Each of us, according to scholar-historian Felipe Fernandez-Armesto, is familiar ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture