Bond Indian Railways Finance Corp 5.75% ( INE053F07BQ1 ) in INR

Issuer	Indian Railways Finance Corp
Market price	100 % ⇌
Country	India
ISIN code	INE053F07BQ1 ( in INR )
Interest rate	5.75% per year ( payment 1 time a year)
Maturity	31/03/2025 - Bond has expired
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Minimal amount	10 000 INR
Total amount	169 620 000 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 INE053F07BQ1 bond, issued by the Indian Railway Finance Corporation (IRFC), details a key debt instrument that has successfully completed its lifecycle. The Indian Railway Finance Corporation, a public sector undertaking operating under the Ministry of Railways, Government of India, serves as the dedicated financial arm responsible for raising funds for the Indian Railways. Its primary mandate involves mobilizing financial resources for the acquisition of rolling stock and project assets, thereby playing a critical role in the modernization, expansion, and overall development of India's extensive railway infrastructure, which is a vital component of the nation's economic backbone. This particular obligation, bearing the ISIN code INE053F07BQ1, was denominated in Indian Rupees (INR) and originated from India, featuring an annual interest rate of 5.75%. The total issue size for this bond amounted to INR 169,620,000, with a minimum investment threshold set at INR 10,000. While originally scheduled for maturity on March 31, 2025, this debt instrument has reached its full term and has been successfully redeemed at its par value, indicating the complete fulfillment of the issuer's obligations to its bondholders and marking the conclusion of this financial instrument's active period in the market.