New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Indian Railway Finance Corporation (IRFC) has sold two

    sets of bonds worth a total of ₹3,940 crore, while ________ has sold 10-year tier-II bonds worth ₹1,500 crore.
    A Axis Bank Correct Answer Incorrect Answer
    B IDFC First Bank Correct Answer Incorrect Answer
    C Indian Overseas Bank Correct Answer Incorrect Answer
    D IndusInd Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Indian Railway Finance Corporation (IRFC) has sold two sets of bonds worth a total of ₹3,940 crore, while IDFC First Bank sold 10-year tier-II bonds worth ₹1,500 crore.      IRFC raised ₹1,940 crore through bonds maturing in October 2028 at a rate of 7.45% and ₹2,000 crore through bonds maturing in October 2026 at a rate of 7.41%.

    Practice Next