Bond Indian Railways Finance Corp 8.19% ( INE053F07710 ) in INR

Issuer Indian Railways Finance Corp
Market price 100 %  ⇌ 
Country  India
ISIN code  INE053F07710 ( in INR )
Interest rate 8.19% per year ( payment 1 time a year)
Maturity 26/03/2024 - Bond has expired



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Minimal amount 1 000 INR
Total amount 2 311 520 000 INR
Detailed description Indian Railway Finance Corporation (IRFC) is a public sector undertaking specializing in financing the Indian Railways' infrastructure projects and rolling stock acquisitions.

The Indian debt market recently observed the successful maturity and repayment of a significant bond issuance by the Indian Railway Finance Corporation (IRFC), identified by ISIN code INE053F07710. This particular fixed-income instrument, denominated in Indian Rupees (INR), carried an annual interest rate of 8.19% and reached its maturity date on March 26, 2024, at which point it was redeemed at 100% of its face value, ensuring full principal repayment to its holders upon its due date. The total size of this specific issuance amounted to INR 2,311,520,000, with a minimum investment lot size set at INR 1,000, and interest payments were structured with an annual frequency. The issuer, Indian Railway Finance Corporation, is a Public Sector Undertaking (PSU) under the Ministry of Railways, Government of India, established in 1986 as the dedicated financing arm for the Indian Railways; its crucial role involves mobilizing funds from the capital markets for the development and modernization of the country's vast railway network, with its primary objective being to raise financial resources for expansion, new projects, and the acquisition of rolling stock. As a government-owned entity, IRFC's debt instruments are often viewed with a strong degree of creditworthiness due to their implicit link to the sovereign, and the successful repayment of this bond underscores IRFC's prudent financial management and its commitment to meeting its obligations to investors, reinforcing confidence in its financial standing within the Indian and global financial markets.