Search in

Home News Bond Subscriptions

Read more interesting news from around the globe with Indianmoney App

Google Play
News Image

LIC will invest up to Rs 26,000 crore in IRFC

Thursday, July 5, 2018, 11:26 AM

State-owned insurer LIC of India will invest up to Rs.26,000 crore this financial year in the Indian Railways Finance Corporation (IRFC), the market-financing arm of the railroad transporter, through bond subscriptions. The cost of the 30-year money is just 30 basis points higher than the benchmark bond yield, with a mechanism to reset the rate every 10 years, a top government official told.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
Get It now!

This is to inform that Suvision Holdings Pvt Ltd ("") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.