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8.10%Indian Railway Finance Corporation Limited (Tax Free) 23 Feb 2027

ISIN:
INE053F07538
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Tax Free

Tax Category

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23 Feb, 2027

Maturity Date
(2 Yr 8 Mo 11 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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23 Feb, 2012

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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₹NaN

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
CARE
AAA Stable
ICRA
AAA Stable
CRISIL
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 FY23 is 17.60x and it was 16.49x in FY22, indicating increased debt levels, due to increased borrowings.

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Debt/EBITDA

The ratio in FY23 is 1.36x and it was 1.43x in FY22, indicating decreased debt servicing ability of the issuer due to increase in finance cost.

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Interest coverage ratio

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STEPS TO BUY THIS BOND
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Information required for KYC
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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.
E-Book
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.
₹107.1727
Price
5.1813%
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BOND VALUE DETAILS

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