7.38% Indian Railway Finance Corporation Limited - AAA Rated (INE053F09HY8)

Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F09HY8, with a face value of ₹10,00,000 rs on 30Nov12 to raise 30 crores. The debt instrument is issued with a coupon rate of 7.38% and its interest is paid 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 7.38% Secured Non Convertible Tax Free Non Cumulative Bond.Letter of Allotment. Series - 82-A. Date of Maturity : 30/11/2027.. 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 21Dec12 & on NSE stock exchange on 27Dec12. 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.