Bond Indian Railways Finance Corp 5.25% ( INE053F07AG4 ) in INR

Issuer	Indian Railways Finance Corp
Market price	100 % ⇌
Country	India
ISIN code	INE053F07AG4 ( in INR )
Interest rate	5.25% per year ( payment 1 time a year)
Maturity	31/01/2021 - Bond has expired
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Minimal amount	10 000 INR
Total amount	5 000 000 000 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 Indian Railway Finance Corporation (IRFC) bond, identified by ISIN INE053F07AG4, has successfully matured and been fully redeemed. Indian Railway Finance Corporation, a public sector undertaking under the administrative control of the Ministry of Railways, Government of India, serves as the dedicated financing arm for Indian Railways, primarily responsible for raising financial resources for the acquisition of rolling stock assets and for implementing critical railway infrastructure projects across India. This specific fixed-income instrument, issued in India and denominated in Indian Rupees (INR), featured an annual interest rate of 5.25% and an original total issue size of INR 5,000,000,000. Designed with accessibility for investors, the minimum purchase size was set at INR 10,000. The bond reached its scheduled maturity date on January 31, 2021, and as confirmed by the issuer, it has been fully repaid, with its market price at the point of redemption recorded at 100% of its face value, signaling the complete fulfillment of its obligations to bondholders.