Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F09EO6, with a face value of ₹10,00,000 rs on 07Jun07 to raise 320 crores. The debt instrument is issued with a coupon rate of 10.04% and its interest is paid Semi 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 10.04% Secured Taxable Non-convertible Redeemable Railway Bonds in the form of Promissory Notes, Series 54-B . Letter of Allotment. Date of Maturity 07/06/2027. 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 26Jun07 & on BSE stock exchange on 26Jun07. CARE Ratings Limited has given AAA rating to this Bond on 07Jun07. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.