Indian Railway Finance Corporation Limited - AAA Rated (INE053F07827)

Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F07827, with a face value of ₹1,000 rs on 21Dec15 to raise 368.9486 crores. The debt instrument is issued with a coupon rate of 7.32% (IF ON RECORD DATE BONDS HELD BY RII, ELSE 7.07% p.a) 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 7.32% (FOR CATEGORY IV i.e. RIIs- 7.32% p.a. IF ON RECORD DATE BONDS HELD BY RII ELSE 7.07% p.a.) SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 102nd A. LETTER OF ALLOTMENT. DATE OF MATURITY 21/12/2025. 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 28Dec15 & on NSE stock exchange on 28Dec15. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 27Nov15. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.