Security Name: 8.23% Indian Railway Finance Corporation Limited 29 Mar 2029
ISIN:
INE053F07BE7
Taxable
Tax Category
29 Mar, 2029
Maturity Date
(3 Yr 8 Mo 17 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
29 Mar, 2019
Allotment Date
NA
Put Date
15 Oct, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.23%
Coupon
Fixed Interest
Coupon Basis
7.8962%
Current Yield
30 Sep, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
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*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?
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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
IRFC shares in focus after muted Q2 results
Nov 05, 2024 | Indian Railway Finance Corporation Limited
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Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE053F07BE7 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.23% Indian Railway Finance Corporation Limited 29 Mar 2029 |
| Credit Rating |
|---|
| AAA Stable by CARE AAA Stable by ICRA AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.230000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 29/03/2029 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jul 11,2025 |
| Principal Amount |
|---|
| ₹10,42,276 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,42,277 |
| Price |
|---|
| ₹104.2276 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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