IRFC Bond

PNB looking to raise Rs 3,000 cr through tier-II bonds

IRFC looking to raise Rs 3,000 crore through bonds today

Senior officials say govt plans to bring own shareholding down to 75%;

IRFC had a bumper IPO last month

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

The move will further ease the flow of borrowed funds for the railways ministry to undertake projects