INDIAN RAILWAY FINANCE CORPORATION LIMITED SR129 8.45 BD 04DC28 FVRS10LAC LOAUPTO10JN19
Indian Railway Finance Corporation Limited
, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE053F07AY7, with a face value of ₹10,00,000 rs on 04Dec18 to raise 3000 crores. The debt instrument
is issued with a coupon rate of 8.45% and its interest is paid
Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment.
As per the filings, the long description of this Secured
Bond is 8.45% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS. SERIES 129. LETTER OF ALLOTMENT. DATE OF MATURITY 04/12/2028. This instrument is issued in Private Placement mode. It has Simple coupon type
with Full Redemption option. The Bond is listed on NSE stock
exchange on 11Dec18 & on BSE stock exchange on 13Dec18. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 27Nov19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.