IRFC likely to decide on issue of retail bonds following IPO response

IRFC engages in selective hedging of its foreign exchange exposure, and even those costs are passed on to the government

Spurred by the huge response to its $1 billion overseas bond issue, Indian Railways Finance Corporation (IRFC) expects investors to lap up its initial public offering (IPO) in the coming days. 

A date for the public offering is yet to be set. But according to media reports, the IPO could be floated around mid-March.

IRFC is a special purpose vehicle (SPV) that raises finances for the infrastructure needs of the railways. 

Even as the railways is run by the government, the financing requirements are tackled by IRFC on behalf of the government. IRFC bonds have sovereign guarantee, even as the