Bond Indian Railways Finance Corp 6.41% ( INE053F07CR7 ) in INR

Issuer	Indian Railways Finance Corp
Market price	100 % ⇌
Country	India
ISIN code	INE053F07CR7 ( in INR )
Interest rate	6.41% per year ( payment 1 time a year)
Maturity	11/04/2031
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Minimal amount	1 000 000 INR
Total amount	20 000 000 000 INR
Next Coupon	11/04/2026 ( In 7 days )
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 bond market currently features a notable offering from the Indian Railway Finance Corporation (IRFC), a public sector undertaking under the Ministry of Railways, Government of India, primarily responsible for mobilizing financial resources for the development and modernization of the Indian Railways system, with this specific bond (Type: Obligation, ISIN: INE053F07CR7) being issued in India and presently trading at 100% of its face value in Indian Rupees (INR), offering an annual interest rate of 6.41% with a maturity date of April 11, 2031, part of a total issuance size amounting to INR 20,000,000,000, and available for purchase with a minimum lot size of INR 1,000,000, with interest payments occurring annually.