8.10%Indian Railway Finance Corporation Limited (Tax Free) 23 Feb 2027
ISIN:
INE053F07538
Tax Free
Tax Category
23 Feb, 2027
Maturity Date
(2 Yr 6 Mo 26 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
23 Feb, 2012
Allotment Date
NA
Put Date
15 Oct, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
YOUR EARNING
Your Investment
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
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
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.
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.
Interest coverage ratio
Recent News
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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₹106.8164
Price
5.2095%
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BOND VALUE DETAILS
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