Food Corp. of India, founded in 1965 and headquartered in New Delhi, serves as a pivotal entity in the nation's food supply chain, aimed at ensuring food security and stabilizing prices. The company primarily focuses on the procurement, storage, and distribution of food grains, while also engaging in various marketing and supply chain activities to enhance overall efficiency.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FCIIN 6.65% 2030-10-23 INRFood Corp. of India | India | 2030-10-23 | 6.650 | 7.11 |
| FCIIN 7.09% 2031-08-13 INRFood Corp. of India | India | 2031-08-13 | 7.090 | 6.95 |
| FCIIN 7.60% 2030-01-09 INRFood Corp. of India | India | 2030-01-09 | 7.600 | 7.33 |
| FCIIN 7.64% 2029-12-12 INRFood Corp. of India | India | 2029-12-12 | 7.640 | 7.20 |
| FCIIN 8.95% 2029-03-01 INRFood Corp. of India | India | 2029-03-01 | 8.950 | 7.13 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since initiating its bond issuance program in 2005, Food Corp. of India has made notable strides in accessing capital markets to fund its operational expansion and infrastructure development. One significant issuance occurred in 2018, when the company raised ₹1,500 crores, offering ten-year bonds with competitive yields. Currently, its bond yields are positioned closely to the average for the food and agriculture sector, reflecting the stable demand for its services. Recent news highlights the corporation's commitment to sustainable practices, prompting efforts to include green bonds in its future financing strategies.