Bond Indian Railways Finance Corp 7.65% ( INE053F07918 ) in INR

Issuer	Indian Railways Finance Corp
Market price	100 % ⇌
Country	India
ISIN code	INE053F07918 ( in INR )
Interest rate	7.65% per year ( payment 1 time a year)
Maturity	30/07/2019 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	10 000 000 000 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. An analysis of the INE053F07918 bond, issued in India by Indian Railway Finance Corporation (IRFC), a prominent Public Sector Undertaking under the Ministry of Railways, Government of India, crucial for funding the development and expansion of Indian Railways, details a fixed-income instrument with a 7.65% annual interest rate, denominated in Indian Rupees (INR), part of a total issuance valued at INR 10,000,000,000, with a minimum investment threshold of INR 1,000,000, which successfully matured on July 30, 2019, and was fully repaid at its 100% par value.