Indian Railway Finance Corporation (IRFC) and Power Finance Corporation (PFC) are gearing up to raise funds by issuing bonds. IRFC aims to raise Rs 3,000 crore, with a provision for an additional Rs 500 crore through greenshoe options. Meanwhile, PFC plans to raise Rs 500 crore, with a greenshoe option of Rs 400 crore.
The bonds, which have a maturity period of 10 years, present an opportunity for investors to contribute to these vital sectors while potentially benefiting from the greenshoe provision's flexibility in meeting higher-than-expected demand.