I

Indian Railway Finance Corpo… 7.28% Dec 2030 NCD

AAA Secured NCD

Indian Railway Finance Corporation Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2030

Current YTM
5.15%
Market YTM
Coupon Rate
7.28%
Per annum
Maturity Date
21 Dec 2030
4.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
5.15%
Live, last traded 2026-08-07
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-68 bps
vs 4.3Y G-Sec at 5.83%
Below the median spread for similar-tenor peers
Tenure
4.3 Years
Remaining to maturity
Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.
Cashflow Timeline
21 Dec 2026
Interest Payment
₹72.80 / Bond
21 Dec 2027
Interest Payment
₹72.80 / Bond
21 Dec 2028
Interest Payment
₹72.80 / Bond
21 Dec 2029
Interest Payment
₹72.80 / Bond
21 Dec 2030
Principal Payment
₹1,000.00 / Bond

Next 4 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2015-12-21 Matures 2030-12-21
Key Metrics
Coupon Rate
7.28%
YTM (Annual)
5.15%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
4.3 Years
Advanced metrics
Modified Duration
3.53 Yrs
Macaulay Duration
3.71 Yrs
Issue Size
₹2,057 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
3.53 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-07
NSE OTC (WAP)
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.72 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2015-12-21
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Indian Railway Finance Corporation Limited issued this secured, rated, ncd (7.28% (FOR CATEGORY I, II & III i.e. non-RIIs) SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 103rd. LETTER OF ALLOTMENT. DATE OF MATURITY 21/12/2030) carrying a 7.28% p.a. coupon, paid annual. It repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-07 108.1209 5.1500 None
2026-07-29 107.2000 5.3900 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2026-06-28
Rating Actions History 0
Secondary-Market Trades 2 NSE OTC (WAP) 2026-08-07
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions
What is the coupon rate on Indian Railway Finance Corpo… 7.28% Dec 2030 NCD?

Indian Railway Finance Corpo… 7.28% Dec 2030 NCD carries a coupon of 7.28%, paid annual, on a face value of ₹1,000.

When does Indian Railway Finance Corpo… 7.28% Dec 2030 NCD mature?

Indian Railway Finance Corpo… 7.28% Dec 2030 NCD matures on 2030-12-21, 4.3 years from today.

What is Indian Railway Finance Corpo… 7.28% Dec 2030 NCD rated?

Indian Railway Finance Corpo… 7.28% Dec 2030 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2026-06-28.

Is Indian Railway Finance Corpo… 7.28% Dec 2030 NCD secured?

Indian Railway Finance Corpo… 7.28% Dec 2030 NCD is a secured bond.

Can Indian Railway Finance Corpo… 7.28% Dec 2030 NCD be called or put back early?

Indian Railway Finance Corpo… 7.28% Dec 2030 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

What yield does Indian Railway Finance Corpo… 7.28% Dec 2030 NCD currently offer?

The last recorded trade on 2026-08-07 priced Indian Railway Finance Corpo… 7.28% Dec 2030 NCD at ₹108.12, implying a yield to maturity of 5.15%.

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