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7.04% Indian Railway Finance Corporation Limited - AAA Rated (INE053F07868)
ActivePSUSecured
Instrument Details
ISIN: INE053F07868
Face value
₹10,00,000
Coupon rate
7.04%
Payment
Annually
Tax Type
Tax-Free
Issue Size (Cr)
1050
Instrument Type
Bond
Returns
Medium
Date of Issue
03 Mar 2016
Maturity Date
03 Mar 2026
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 SR-106 7.04 BD 03MR26 FVRS10LACLOAUPTO 05AP16
Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE053F07868, with a face value of ₹10,00,000 rs on 03Mar16 to raise 1050 crores. The debt instrument
is issued with a coupon rate of 7.04% 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 7.04% SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 106th. LETTER OF ALLOTMENT. DATE OF MATURITY 03/03/2026. 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 01Apr16 & on NSE stock exchange on 30Mar16. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 29Feb16. 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
03-Mar-16 : Your investment
₹70,40,000
03-Mar-17 : Interest
₹70,40,000
03-Mar-18 : Interest
₹70,40,000
03-Mar-19 : Interest
₹70,40,000
03-Mar-20 : Interest
₹70,40,000
03-Mar-21 : Interest
₹70,40,000
03-Mar-22 : Interest
₹70,40,000
03-Mar-23 : Interest
₹70,40,000
03-Mar-24 : Interest
₹70,40,000
03-Mar-25 : Interest
₹70,40,000
03-Mar-26 : Interest
₹17,04,00,000
03-Mar-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,04,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
7.04%
Returns
Medium
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 INE053F07868 issued by Indian Railway Finance Corporation Limited
What is the instrument name of INE053F07868 ISIN?
The instrument name of INE053F07868 ISIN is INDIAN RAILWAY FINANCE CORPORATION LIMITED SR-106 7.04 BD 03MR26 FVRS10LACLOAUPTO 05AP16.
How frequently is the interest paid on INE053F07868 bond issued by Indian Railway Finance Corporation Limited?
The interest earned from INE053F07868 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 INE053F07868 bond issued by Indian Railway Finance Corporation Limited?
This INE053F07868 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 INE053F07868 bond issued by Indian Railway Finance Corporation Limited?
This Bond offers a coupon rate of 7.04%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE053F07868 Bond?
The INE053F07868 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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