INDIAN RAILWAY FINANCE CORPORATION LIMITED 8.83 BD 14MY32 FVRS10LAC LOA UPTO 03AG10
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.