Instrument Details

ISIN: INE053F07876

Face value

₹1,000

Coupon rate

7.04%

Payment

Annually

Tax Type

Tax-Free

Issue Size (Cr)

48.5972

Instrument Type

Bond

Returns

Medium

Date of Issue

22 Mar 2016

Maturity Date

22 Mar 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

INDIAN RAILWAY FINANCE CORPORATION LIMITED SR-107 7.04 BD 22MR26 FVRS1000 LOA UPTO17MR16
Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F07876, with a face value of ₹1,000 rs on 22Mar16 to raise 48.5972 crores. The debt instrument is issued with a coupon rate of 7.04% 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 7.04% (FOR CATEGORY I, II & III i.e. NON-RIIs) SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 107th. LETTER OF ALLOTMENT. DATE OF MATURITY 22/03/2026. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 28Mar16 & on BSE stock exchange on 28Mar16. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 29Feb16. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
01 Mar 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
22-Mar-16 : Your investment
₹7,040
22-Mar-17 : Interest
₹7,040
22-Mar-18 : Interest
₹7,040
22-Mar-19 : Interest
₹7,040
22-Mar-20 : Interest
₹7,040
22-Mar-21 : Interest
₹7,040
22-Mar-22 : Interest
₹7,040
22-Mar-23 : Interest
₹7,040
22-Mar-24 : Interest
₹7,040
22-Mar-25 : Interest
₹7,040
22-Mar-26 : Interest
₹1,70,400
22-Mar-26 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹70,400)

Summary

Instrument Attributes

Value

Coupon Rate

7.04%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU

FAQs about INE053F07876 issued by Indian Railway Finance Corporation Limited

The instrument name of INE053F07876 ISIN is INDIAN RAILWAY FINANCE CORPORATION LIMITED SR-107 7.04 BD 22MR26 FVRS1000 LOA UPTO17MR16.
The interest earned from INE053F07876 bond issued by Indian Railway Finance Corporation Limited is paid Annually, ensuring regular and consistent income for investors.
This INE053F07876 bond issued by Indian Railway Finance Corporation Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 7.04%, which determines the periodic interest payments made to bondholders.
The INE053F07876 Bond is issued by Indian Railway Finance Corporation Limited, a PSU company.