7.64% Indian Railway Finance Corporation Limited - AAA Rated (INE053F07900)

Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F07900, with a face value of ₹1,000 rs on 22Mar16 to raise 1194.313 crores. The debt instrument is issued with a coupon rate of 7.64% 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 7.64% (FOR CATEGORY IV i.e. RIIs- 7.64% p.a. IF ON RECORD DATE BONDS HELD BY RII ELSE 7.35% p.a.) SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 108th A. LETTER OF ALLOTMENT. DATE OF MATURITY 22/03/2031. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 28Mar16 & on BSE stock exchange on 28Mar16. 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.