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Indian Railway Finance Corporation Limited 8.23% 2029 Bond

ISININE053F07BE7

INDIAN RAILWAY FINANCE CORPORATION LIMITED SERIES 135 8.23 LOA 29MR29 FVRS10LAC

Indian Railway Finance Corporation Limited is a public-sector (PSU) issuer in the Non-Banking Financial Company (NBFC) sector. This directory lists 167 of its bonds.

Key terms

Issue date
29 Mar 2019
Interest basis
Simple
Instrument
Bonds
Mode of issue
Private Placement
Series
SERIES 135
Sector
Non-Banking Financial Company (NBFC)
Issuer type
PSU
Issuer nature
NBFC

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

ICRA AAA / StableCRISIL AAA / StableCARE AAA / Stable

AAAmost conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AAA is the highest rating an Indian agency assigns. It signals the strongest assessed capacity to pay interest and principal on time: the agency sees the risk of default as the lowest it recognises. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: ICRA AAA/Stable;CRISIL AAA/Stable;CARE AAA/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 8.20% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

10 scheduled payments through 29 Mar 2029; final payment ₹10,82,300 per bond.

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