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ItalianoBond Indian Railways Finance Corp 7.2% ( INE053F07991 ) in INR
| Issuer | Indian Railways Finance Corp |
| Market price | 100 % ⇌ |
| Country |  India
|
| ISIN code |
 INE053F07991 ( in INR )
|
| Interest rate | 7.2% per year ( payment 1 time a year) |
| Maturity | 31/05/2020 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 1 000 000 INR |
| Total amount | 23 750 000 000 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 obligation identified by ISIN INE053F07991, issued by the Indian Railway Finance Corp (IRFC), a public sector undertaking operating under the Ministry of Railways, Government of India, and primarily tasked with financing the development and expansion of Indian Railways, has reached its maturity. This bond, denominated in Indian Rupees (INR), featured an interest rate of 7.2% with annual payments, reflecting its initial issue in India. The total issue size amounted to INR 23,750,000,000, with a minimum purchase amount set at INR 1,000,000. Having traded at 100% of its par value prior to its expiration, the bond matured on May 31, 2020, and has since been fully redeemed. |