8.83% Indian Railway Finance Corporation Limited - AAA Rated (INE053F09HE0)

Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F09HE0, with a face value of ₹10,00,000 rs on 14May10 to raise 220 crores. The debt instrument is issued with a coupon rate of 8.83% 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 8.83% Secured Non Convertible Taxable Bonds in the form of Promissory Notes. 71st B Series. Letter of Allotment. Date of Maturity: 14/05/2032. 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 09Jun10 & on BSE stock exchange on 09Jun10. CARE Ratings Limited has given AAA 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.