I

Indian Railway Finance Corpo… 7.50% Dec 2035 NCD

AAA Secured NCD

Indian Railway Finance Corporation Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

Current YTM
4.66%
Market YTM
Coupon Rate
7.50%
Per annum
Maturity Date
21 Dec 2035
9.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
4.66%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-155 bps
vs 9.3Y G-Sec at 6.20%
Below the median spread for similar-tenor peers
Tenure
9.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-29 2026-08-26
Cashflow Timeline
21 Dec 2026
Interest Payment
₹75.00 / Bond
21 Dec 2027
Interest Payment
₹75.00 / Bond
21 Dec 2028
Interest Payment
₹75.00 / Bond
21 Dec 2029
Interest Payment
₹75.00 / Bond
21 Dec 2030
Interest Payment
₹75.00 / Bond
21 Dec 2031
Interest Payment
₹75.00 / Bond
21 Dec 2032
Interest Payment
₹75.00 / Bond
21 Dec 2033
Interest Payment
₹75.00 / Bond
21 Dec 2035
Principal Payment
₹1,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2015-12-21 Matures 2035-12-21
Key Metrics
Coupon Rate
7.50%
YTM (Annual)
4.66%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
9.3 Years
Advanced metrics
Modified Duration
6.65 Yrs
Macaulay Duration
6.96 Yrs
Issue Size
₹370 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
6.65 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE CM
Trades (30 Days)
10
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 10 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.50 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 (7.50% (FOR CATEGORY IV i.e. RIIs- 7.50% p.a. IF ON RECORD DATE BONDS HELD BY RII ELSE 7.25% p.a.) SECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES 104th A. LETTER OF ALLOTMENT. DATE OF MATURITY 21/12/2035) carrying a 7.50% 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
2026-08-26 121.3000 4.6555 100
2026-08-18 120.8750 4.7107 18
2026-08-17 121.2000 4.6728 None
2026-08-12 120.5000 4.7588 None
2026-08-11 121.1180 4.6861 None
2026-08-07 121.5000 4.6435 None
2026-08-04 121.0100 4.7031 None
2026-08-03 121.0010 4.7048 None
2026-07-30 121.1000 4.6949 302
2026-07-29 120.7000 4.7428 300
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2015-11-27
Rating Actions History 0
Secondary-Market Trades 10 NSE CM 2026-08-26
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… 7.50% Dec 2035 NCD?

Indian Railway Finance Corpo… 7.50% Dec 2035 NCD carries a coupon of 7.50%, paid annual, on a face value of ₹1,000.

When does Indian Railway Finance Corpo… 7.50% Dec 2035 NCD mature?

Indian Railway Finance Corpo… 7.50% Dec 2035 NCD matures on 2035-12-21, 9.3 years from today.

What is Indian Railway Finance Corpo… 7.50% Dec 2035 NCD rated?

Indian Railway Finance Corpo… 7.50% Dec 2035 NCD is rated AAA by CRISIL. As of 2015-11-27.

Is Indian Railway Finance Corpo… 7.50% Dec 2035 NCD secured?

Indian Railway Finance Corpo… 7.50% Dec 2035 NCD is a secured bond.

Can Indian Railway Finance Corpo… 7.50% Dec 2035 NCD be called or put back early?

Indian Railway Finance Corpo… 7.50% Dec 2035 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… 7.50% Dec 2035 NCD currently offer?

The last recorded trade on 2026-08-26 priced Indian Railway Finance Corpo… 7.50% Dec 2035 NCD at ₹121.30, implying a yield to maturity of 4.66%.

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