Bond Indian Railways Finance Corp 5% ( INE053F07DB9 ) in INR
| Issuer | Indian Railways Finance Corp |
| Market price | |
| Country | India
|
| ISIN code |
INE053F07DB9 ( in INR )
|
| Interest rate | 5% per year ( payment 1 time a year) |
| Maturity | 31/08/2026 |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 10 000 INR |
| Total amount | 10 000 000 000 INR |
| Next Coupon | 31/08/2026 ( In 149 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. This financial analysis details a specific debt instrument issued by Indian Railway Finance Corporation (IRFC), a crucial public sector undertaking operating under the Ministry of Railways, Government of India. IRFC's primary mandate is to mobilize financial resources for the Indian Railways, serving as the dedicated financing arm for its extensive development and modernization initiatives, including the acquisition of rolling stock, project financing, and critical infrastructure expansion for one of the world's largest railway networks. The bond, identified by ISIN code INE053F07DB9, is a domestic issuance from India, denominated in Indian Rupees (INR), and is currently trading at its par value of 100% in the market. This fixed-income security offers an annual interest rate of 5% and represents a total issue size of INR 10,000,000,000, with a minimum purchase threshold set at INR 10,000 for investors. The bond is scheduled to reach maturity on August 31, 2026, with interest payments distributed on an annual basis, providing a consistent return until its redemption. |
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