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7.34%Indian Railway Finance Corporation Limited (Tax Free) 19 Feb 2028

ISIN:
INE053F07579
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Tax Free

Tax Category

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19 Feb, 2028

Maturity Date
(3 Yr 6 Mo 29 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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19 Feb, 2013

Allotment Date

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NA

Put Date

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15 Oct, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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IPO

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AAA Stable
CRISIL
AAA Stable
ICRA
AAA Stable
CARE
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Indian Railway Finance Corporation Limited

Indian Railway Finance Corporation Ltd was incorporated by the Government of India, Ministry of Railways (MoR) in 1986 as a financing arm of the Indian Railways for the purpose of raising necessary resources for meeting the developmental needs of the Indian Railways. The company’s principal business is to borrow funds from financial markets to finance the acquisition/creation of assets, which are then leased out to the Indian Railways as a finance lease. Apart from providing finance to the MoR, IRFC provides loans to RVNL, an entity wholly owned by the MoR, and IRCON, a public sector undertaking in which the GoI has a majority stake

The ratio in FY24 is 15.53x and it was 17.73x in FY23, indicating decrease in the debt level due to decrease in the borrowings of the issuer in FY24.

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Debt/EBITDA

The ratio in FY24 is 1.32x and it was 1.35x in FY23, indicating decreased ability of the issuer to service the debt due to increase in finance costs.

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Interest coverage ratio

Recent News
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IRAS Manoj Kumar Dubey Will Be the New CMD of Indian Railway Finance Corporation Ltd

Jul 11, 2024 | Indian Railway Finance Corporation Limited

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STEPS TO BUY THIS BOND
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Information required for KYC
PAN Card
Bank Account Proof
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Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹106.7748
Price
5.2201%
Yield
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BOND VALUE DETAILS

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