Bond Indian Railways Finance Corp 9.47% ( INE053F09HQ4 ) in INR

Issuer	Indian Railways Finance Corp
Market price	100 % ⇌
Country	India
ISIN code	INE053F09HQ4 ( in INR )
Interest rate	9.47% per year ( payment 1 time a year)
Maturity	10/05/2031
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Minimal amount	1 000 000 INR
Total amount	9 950 000 000 INR
Next Coupon	10/05/2026 ( In 36 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. A comprehensive overview of a key debt instrument issued by the Indian Railway Finance Corporation (IRFC) reveals a significant offering in the Indian financial market. The issuer, Indian Railway Finance Corporation, serves as the dedicated financing arm of the Indian Railways, a sprawling and strategically vital railway network under the purview of the Ministry of Railways, Government of India. IRFC's core mission is to raise financial resources from domestic and international capital markets to fund the acquisition of rolling stock and the crucial development of railway infrastructure, thereby playing an indispensable role in the expansion and modernization of one of the world's largest transportation systems and supporting India's economic growth trajectory. This specific bond, identified by ISIN INE053F09HQ4, is denominated in Indian Rupees (INR) and originates from India, underscoring its relevance within the national economy. It presents an attractive annual interest rate of 9.47%, providing a notable yield for investors. The total volume of this particular issuance is substantial, amounting to INR 9,950,000,000, reflecting a significant capital mobilization effort by IRFC. Prospective investors should be aware that the minimum investment threshold for this instrument is set at INR 1,000,000. With a maturity date of May 10, 2031, this bond offers a long-term investment horizon, and its interest payments are structured to occur annually, ensuring a consistent income stream. Currently, the bond is observed to be trading at 100% of its face value in the market, indicating that it is priced at par, which can be an appealing entry point for those seeking direct exposure to its specified yield without immediate premium or discount considerations.