 "IRFC overseas bond issue subscribed six times")
The bonds, with S&P rating of 'BBB-', had coupon rate of 3.917%. The offering was the first quasi-government institutional offering in 2014. More than half of the bids were from the European region and about 38% were from Asia.
Deutsche Bank, ANZ, Barclays and The Royal Bank of Scotland were the book running lead managers. Listing of the bonds will be on Singapore's SGX exchange.
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