Indian Railway Finance Corporation Limited - AAA Rated (INE053F07678)

Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F07678, with a face value of ₹1,000 rs on 18Feb14 to raise 526.2546 crores. The debt instrument is issued with a coupon rate of 8.48% (REFER REMARK) and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 8.48% (FOR CATEGORY IV i.e. RIIs- 8.48% p.a. IF ON RECORD DATE BONDS HELD BY RII ELSE 8.23% p.a.) TAX FREE SECURED NON CONVERTIBLE REDEEMABLE BONDS. SERIES 91st A. LETTER OF ALLOTMENT. DATE OF MATURITY 18/02/2024. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 21Feb14 & on NSE stock exchange on 21Feb14. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 18Dec13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.