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8.55% Indian Railway Finance Corporation Limited - AAA Rated (INE053F07702)
ActivePSUSecured
Instrument Details
ISIN: INE053F07702
Face value
₹10,00,000
Coupon rate
8.55%
Payment
Annually
Tax Type
Tax-Free
Issue Size (Cr)
13
Instrument Type
Bond
Returns
High
Date of Issue
12 Feb 2014
Maturity Date
02 Dec 2029
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
INDIAN RAILWAY FINANCE CORPORATION LIMITED 8.55 BD 12FB29 FVRS10LAC LOA UPTO 20FB14
Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE053F07702, with a face value of ₹10,00,000 rs on 12Feb14 to raise 13 crores. The debt instrument
is issued with a coupon rate of 8.55% 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 8.55% TAX FREE SECURED NON CONVERTIBLE REDEEMABLE BONDS. SERIES 94th A. LETTER OF ALLOTMENT. DATE OF MATURITY 12/02/2029. 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 03Mar14 & on NSE stock exchange on 28Feb14. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 07Feb14. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
12-Feb-14 : Your investment
₹85,50,000
12-Feb-15 : Interest
₹85,50,000
12-Feb-16 : Interest
₹85,50,000
12-Feb-17 : Interest
₹85,50,000
12-Feb-18 : Interest
₹85,50,000
12-Feb-19 : Interest
₹85,50,000
12-Feb-20 : Interest
₹85,50,000
12-Feb-21 : Interest
₹85,50,000
12-Feb-22 : Interest
₹85,50,000
12-Feb-23 : Interest
₹85,50,000
12-Feb-24 : Interest
₹85,50,000
12-Feb-25 : Interest
₹85,50,000
12-Feb-26 : Interest
₹85,50,000
12-Feb-27 : Interest
₹85,50,000
12-Feb-28 : Interest
₹85,50,000
12-Feb-29 : Interest
₹69,57,123
02-Dec-29 : Interest
₹23,52,07,123
02-Dec-29 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹13,52,07,123)
Summary
Instrument Attributes
Value
Coupon Rate
8.55%
Returns
High
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
New Delhi
SECTOR
Financial Services
ISSUER OWNERSHIP
PSU
Other Bonds of Indian Railway Finance Corporation Limited
FAQs about INE053F07702 issued by Indian Railway Finance Corporation Limited
What is the instrument name of INE053F07702 ISIN?
The instrument name of INE053F07702 ISIN is INDIAN RAILWAY FINANCE CORPORATION LIMITED 8.55 BD 12FB29 FVRS10LAC LOA UPTO 20FB14.
How frequently is the interest paid on INE053F07702 bond issued by Indian Railway Finance Corporation Limited?
The interest earned from INE053F07702 bond issued by Indian Railway Finance Corporation Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE053F07702 bond issued by Indian Railway Finance Corporation Limited?
This INE053F07702 bond issued by Indian Railway Finance Corporation Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE053F07702 bond issued by Indian Railway Finance Corporation Limited?
This Bond offers a coupon rate of 8.55%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE053F07702 Bond?
The INE053F07702 Bond is issued by Indian Railway Finance Corporation Limited, a PSU company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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