6.95% Indian Railway Finance Corporation Limited - AAA Rated (INE053F08155)

Indian Railway Finance Corporation Limited, a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE053F08155, with a face value of ₹10,00,000 rs on 24Nov21 to raise 5000 crores. The debt instrument is issued with a coupon rate of 6.95% 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 Unsecured Bond is 6.95% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURE.SERIES 162.DATE OF MATURITY 24/11/2036. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 25Nov21 & on BSE stock exchange on 25Nov21. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 12Nov21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.