INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 154 6.85BD 01DC40 FVRS10LACLOAUPTO29MR21
Indian Railway Finance Corporation Limited
, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE053F07CT3, with a face value of ₹10,00,000 rs on 01Dec20 to raise 4652 crores. The debt instrument
is issued with a coupon rate of 6.85% 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 6.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES 154. LETTER OF ALLOTMENT. DATE OF MATURITY 01/12/2040. 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 03Dec20 & on BSE stock exchange on 03Dec20. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 23Nov20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.