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Instrument Details

ISIN: INE053F09FP0

Face value

₹10,00,000

Coupon rate

10.70%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

615

Instrument Type

Bond

Returns

High

Date of Issue

11 Sep 2008

Maturity Date

09 Nov 2023

Perpetual

Yes

Listing Status

Listed

Rating status

WITHDRAWN (CARE Ratings)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 10.7 BD 11SP23 FVRS10LAC LOA UPTO 23OT08
Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F09FP0, with a face value of ₹10,00,000 rs on 11Sep08 to raise 615 crores. The debt instrument is issued with a coupon rate of 10.70% 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 10.70% Secured Non Convertible Bonds in the form of Promissory Notes.Series 61-A. Letter of Allotment. Date of Maturity: 11/09/2023. 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 18Sep08 & on NSE stock exchange on 18Sep08. CARE Ratings Limited has given WITHDRAWN rating to this Bond on 27Sep23. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
N/A
Not Rated
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Date Verified
N/A
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Outlook
N/A
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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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
11-Sep-08 : Your investment
₹53,50,000
11-Mar-09 : Interest
₹53,50,000
11-Sep-09 : Interest
₹53,50,000
11-Mar-10 : Interest
₹53,50,000
11-Sep-10 : Interest
₹53,50,000
11-Mar-11 : Interest
₹53,50,000
11-Sep-11 : Interest
₹53,50,000
11-Mar-12 : Interest
₹53,50,000
11-Sep-12 : Interest
₹53,50,000
11-Mar-13 : Interest
₹53,50,000
11-Sep-13 : Interest
₹53,50,000
11-Mar-14 : Interest
₹53,50,000
11-Sep-14 : Interest
₹53,50,000
11-Mar-15 : Interest
₹53,50,000
11-Sep-15 : Interest
₹53,50,000
11-Mar-16 : Interest
₹53,50,000
11-Sep-16 : Interest
₹53,50,000
11-Mar-17 : Interest
₹53,50,000
11-Sep-17 : Interest
₹53,50,000
11-Mar-18 : Interest
₹53,50,000
11-Sep-18 : Interest
₹53,50,000
11-Mar-19 : Interest
₹53,50,000
11-Sep-19 : Interest
₹53,50,000
11-Mar-20 : Interest
₹53,50,000
11-Sep-20 : Interest
₹53,50,000
11-Mar-21 : Interest
₹53,50,000
11-Sep-21 : Interest
₹53,50,000
11-Mar-22 : Interest
₹53,50,000
11-Sep-22 : Interest
₹53,50,000
11-Mar-23 : Interest
₹53,50,000
11-Sep-23 : Interest
₹13,96,944
09-Nov-23 : Interest
₹26,18,96,944
09-Nov-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹16,18,96,944)

Summary

Instrument Attributes

Value

Coupon Rate

10.70%

Returns

High

Bond Rating

WITHDRAWN

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 INE053F09FP0 issued by Indian Railway Finance Corporation Limited

The instrument name of INE053F09FP0 ISIN is INDIAN RAILWAY FINANCE CORPORATION LIMITED 10.7 BD 11SP23 FVRS10LAC LOA UPTO 23OT08.
The interest earned from INE053F09FP0 bond issued by Indian Railway Finance Corporation Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE053F09FP0 bond issued by Indian Railway Finance Corporation Limited has been assigned a credit rating of WITHDRAWN by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Bond offers a coupon rate of 10.7%, which determines the periodic interest payments made to bondholders.
The INE053F09FP0 Bond is issued by Indian Railway Finance Corporation Limited, a PSU company.
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