Bond Indian Railways Finance Corp 8.2% ( INE053F09GM5 ) in INR

Issuer	Indian Railways Finance Corp
Market price	100 % ⇌
Country	India
ISIN code	INE053F09GM5 ( in INR )
Interest rate	8.2% per year ( payment 1 time a year)
Maturity	27/04/2023 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	600 000 000 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. Investors in the Indian debt market recently observed the successful maturity and redemption of a specific bond issued by the Indian Railway Finance Corporation (IRFC), an entity integral to the financial health and development of India's vast railway network. Indian Railway Finance Corporation serves as the dedicated financing arm for the Indian Railways, playing a crucial role in mobilizing funds for various railway projects and infrastructure development across the nation, thereby contributing significantly to the country's transportation backbone. The bond in question, identified by ISIN INE053F09GM5, was issued in India and denominated in Indian Rupees (INR). This debt instrument carried an attractive annual interest rate of 8.2% and featured a payment frequency of one, implying annual coupon payments to investors. The total issue size for this particular offering amounted to 600,000,000 INR, with a specified minimum purchase size of 1,000,000 INR, catering to institutional or high-net-worth investors. The bond reached its maturity date on April 27, 2023, and was subsequently repaid, confirming the return of the principal investment to bondholders. Its reported current market price of 100% at this point reflects the full principal repayment received upon its scheduled maturity and redemption.