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Indian Railway Finance 8.40% Jan 2029 NCD

AAA Secured NCD

Indian Railway Finance Corporation

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
7.36%
Market YTM
Coupon Rate
8.40%
Per annum
Maturity Date
08 Jan 2029
2.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.36%
Live, last traded 2026-08-20
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+99 bps
vs 2.4Y G-Sec at 6.37%
Below the median spread for similar-tenor peers
Tenure
2.4 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
8 Jan 2027
Interest Payment
₹84,000.00 / Bond
8 Jan 2028
Interest Payment
₹84,000.00 / Bond
8 Jan 2029
Principal Payment
₹1,000,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2019-01-08 Matures 2029-01-08
Key Metrics
Coupon Rate
8.40%
YTM (Annual)
7.36%
Credit Rating
AAA
(ICRA)
Remaining Tenure
2.4 Years
Advanced metrics
Modified Duration
1.99 Yrs
Macaulay Duration
2.14 Yrs
Issue Size
₹2,845 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
1.99 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-20
NSE OTC (WAP)
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 1.60 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2019-01-08
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Indian Railway Finance Corporation issued this secured, rated, ncd (IRFC-8.4%-8-1-29-PVT) carrying a 8.40% p.a. coupon, paid annual. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-20 102.1885 7.3600 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2018-12-24
Rating Actions History 0
Secondary-Market Trades 1 NSE OTC (WAP) 2026-08-20
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 2026

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Frequently Asked Questions
What is the coupon rate on Indian Railway Finance 8.40% Jan 2029 NCD?

Indian Railway Finance 8.40% Jan 2029 NCD carries a coupon of 8.40%, paid annual, on a face value of ₹1,000,000.

When does Indian Railway Finance 8.40% Jan 2029 NCD mature?

Indian Railway Finance 8.40% Jan 2029 NCD matures on 2029-01-08, 2.4 years from today.

What is Indian Railway Finance 8.40% Jan 2029 NCD rated?

Indian Railway Finance 8.40% Jan 2029 NCD is rated AAA by ICRA. As of 2018-12-24.

Is Indian Railway Finance 8.40% Jan 2029 NCD secured?

Indian Railway Finance 8.40% Jan 2029 NCD is a secured bond.

Where does Indian Railway Finance 8.40% Jan 2029 NCD trade?

Indian Railway Finance 8.40% Jan 2029 NCD is listed on BSE.

What yield does Indian Railway Finance 8.40% Jan 2029 NCD currently offer?

The last recorded trade on 2026-08-20 priced Indian Railway Finance 8.40% Jan 2029 NCD at ₹102.19, implying a yield to maturity of 7.36%.

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