IRFC raises Rs 1,415 crore through 15-year bonds at 7.14% coupon rate

18 Nov 2024 CW Team

Indian Railway Finance Corporation (IRFC) has raised Rs 1,415 crore through a 15-year bond issue at a coupon rate of 7.14%. Despite initially aiming to raise Rs 3,000 crore, the company scaled back its issuance due to investor demand and market conditions. The bonds have been rated 'AAA' by leading domestic credit agencies.

The funds raised will be used to support the financing needs of the Indian Railways and its infrastructure projects. IRFC’s decision to issue bonds at a slightly lower rate reflects a broader trend in the market, as other state-owned enterprises have also raised funds at competitive yields.

Real Estate

02 Apr 2026

Bent Collective Unveils Sculptural Papillon Sofa

Bent Collective has introduced the Papillon Sofa, a sculptural seating piece that combines artistic design with everyday comfort. Defined by a fluid silhouette, the sofa features a gently curved backrest, asymmetrical form, rounded seating, a single rolled arm and sleek legs, creating a soft yet expressive presence for contemporary interiors. Upholstered in a soothing blue tone, the Papillon Sofa is designed to bring a sense of calm, movement and visual lightness to living spaces. Its organic form moves away from rigid lines, reflecting the brand’s focus on furniture that is both i..

MHIEC Completes Relay Centre Project In Nagasaki

Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC) has completed construction of the Nanbu Relay Center in Minamishimabara City for the Ken’ou-Kennan Clean Authority in Nagasaki Prefecture. The project includes the development of the new facility and the operation of three relay centres, including the existing Tobu and Seibu sites, under a contract awarded in 2024. The initiative is aimed at enabling the efficient transfer of combustible waste from multiple municipalities to the Ken’ou-Kennan Clean Center in Isahaya City, which is scheduled to co..

Kala Ghoda Boutique Redefines Compact Retail Design

Located in Kala Ghoda, Noir Éclat, an 80 sq ft jewellery boutique by Mint Leaf Design, showcases how compact retail spaces can deliver a high-impact experience. Designed as a ‘jewel box’, the boutique blends Parisian-inspired aesthetics with a monochrome palette of black and white, highlighted by fuchsia accents that add a distinctive visual identity. The design leverages vertical space to overcome size constraints, featuring sculptural wall-mounted busts arranged in grids that transform product displays into artistic installations. Carefully planned lighting enhances depth and creates a..