INDIAN RAILWAY FINANCE CORPORATION LIMITED 8.65 BD 15JN24 FVRS10LAC LOA UPTO 18FB09
Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE053F09FV8, with a face value of ₹10,00,000 rs on 15Jan09 to raise 315 crores. The debt instrument
is issued with a coupon rate of 8.65% 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 8.65% Secured Non Convertible Bonds in the form of Promissory Notes.Series 63 B. Letter of Allotment. Date of Maturity: 15/01/2024. 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 22Jan09 & on NSE stock exchange on 22Jan09. CARE Ratings Limited has given AAA rating to
this Bond on 15Jan09. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.