IRFC Raises ₹2,981 Crore in Debut Zero-Coupon Bond Issuance

IRFC has raised ₹2,981 crore through its debut zero-coupon bond issue, securing strong demand to support ongoing and upcoming railway infrastructure projects, as per the news reports. 

Robust Demand and Efficient Pricing 

The maiden issue attracted bids of over ₹7,500 crore, significantly above the ₹1,000 crore base size and the ₹4,000 crore green-shoe option.  

IRFC accepted ₹2,981 crore worth of bids at a 6.79% yield for the 10-year bonds, well below the prevailing 7.15% benchmark for AAA-rated PSU issuers. The funds will be used to finance and refinance major railway and allied infrastructure initiatives. 

As per news reports, IRFC Chairman and Managing Director Manoj Kumar Dubey said the strong response “reaffirms IRFC's role in supporting India's infrastructure development and reflects the continued confidence of investors in our financial strength and long-term outlook.” 

Read More: Indian Railways Explore Non-Fare Revenue Plans with New Measures! 

IRFC Share Price Performance  

As of December 1, 2025, at 12:05 PM, Indian Railway Finance Corporation share price is trading at ₹117.12 per share, reflecting a decline of 0.38% from the previous closing price. 

Conclusion 

With high investor interest and competitive yields, IRFC’s successful debut zero-coupon bond issue further strengthens its funding pipeline for critical infrastructure development. 

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