8.45% Indian Railway Finance Corporation Limited - AAA Rated (INE053F07AY7)

Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F07AY7, with a face value of ₹10,00,000 rs on 04Dec18 to raise 3000 crores. The debt instrument is issued with a coupon rate of 8.45% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Bond is 8.45% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS. SERIES 129. LETTER OF ALLOTMENT. DATE OF MATURITY 04/12/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 11Dec18 & on BSE stock exchange on 13Dec18. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 27Nov19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.