6.90% Indian Railway Finance Corporation Limited - AAA Rated (INE053F07CD7)

Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F07CD7, with a face value of ₹10,00,000 rs on 05Jun20 to raise 2565 crores. The debt instrument is issued with a coupon rate of 6.90% 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 6.90% SECURED RATED LISTED REDEEMABLE PRIVATE PLACEMENT TAXABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 150. LETTER OF ALLOTMENT. DATE OF MATURITY 05/06/2035. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 16Jun20 & on NSE stock exchange on 15Jun20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 01Jun20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.