INDIAN RAILWAY FINANCE CORPORATION LIMITED SR-103A 7.53 BD 21DC30 FVRS1000 LOAUPTO20DC15
Indian Railway Finance Corporation Limited
, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE053F07835, with a face value of ₹1,000 rs on 21Dec15 to raise 1074.2172 crores. The debt instrument
is issued with a coupon rate of 7.53% (IF ON RECORD DATE BONDS HELD BY RII, ELSE 7.28% p.a) and its interest is paid
Annually. The returns are Tax-Free Under Section 10(15)(iv)(h).
As per the filings, the long description of this Secured
Bond is 7.53% (FOR CATEGORY IV i.e. RIIs- 7.53% p.a. IF ON RECORD DATE BONDS HELD BY RII ELSE 7.28% p.a.) SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 103rd A. LETTER OF ALLOTMENT. DATE OF MATURITY 21/12/2030. This instrument is issued in Public Issue mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on BSE stock
exchange on 28Dec15 & on NSE stock exchange on 28Dec15. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 27Nov15. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.