I

Indian Railway Finance 8.23% Mar 2029 NCD

AAA Secured NCD

Indian Railway Finance Corporation

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
7.08%
Market YTM
Coupon Rate
8.23%
Per annum
Maturity Date
29 Mar 2029
2.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.08%
Live, last traded 2026-08-07
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+83 bps
vs 2.6Y G-Sec at 6.25%
Below the median spread for similar-tenor peers
Tenure
2.6 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
29 Mar 2027
Interest Payment
₹82,300.00 / Bond
29 Mar 2028
Interest Payment
₹82,300.00 / Bond
29 Mar 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 2019-03-29 Matures 2029-03-29
Key Metrics
Coupon Rate
8.23%
YTM (Annual)
7.08%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.6 Years
Advanced metrics
Modified Duration
2.21 Yrs
Macaulay Duration
2.37 Yrs
Issue Size
₹2,500 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
2.21 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-07
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 1.77 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2019-03-29
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

IRFC-8.23%-29-3-29-PVT is a secured, rated, redeemable ncd issued by Indian Railway Finance Corporation. The bond offers a fixed coupon of 8.23% p.a. with annual interest payments and repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-07 102.6757 7.0800 None
2026-06-30 103.0323 6.9700 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2019-04-30
Rating Actions History 0
Secondary-Market Trades 2 NSE OTC (WAP) 2026-08-07
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 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 8.23% Mar 2029 NCD?

Indian Railway Finance 8.23% Mar 2029 NCD carries a coupon of 8.23%, paid annual, on a face value of ₹1,000,000.

When does Indian Railway Finance 8.23% Mar 2029 NCD mature?

Indian Railway Finance 8.23% Mar 2029 NCD matures on 2029-03-29, 2.6 years from today.

What is Indian Railway Finance 8.23% Mar 2029 NCD rated?

Indian Railway Finance 8.23% Mar 2029 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2019-04-30.

Is Indian Railway Finance 8.23% Mar 2029 NCD secured?

Indian Railway Finance 8.23% Mar 2029 NCD is a secured bond.

Where does Indian Railway Finance 8.23% Mar 2029 NCD trade?

Indian Railway Finance 8.23% Mar 2029 NCD is listed on BSE.

What yield does Indian Railway Finance 8.23% Mar 2029 NCD currently offer?

The last recorded trade on 2026-08-07 priced Indian Railway Finance 8.23% Mar 2029 NCD at ₹102.68, implying a yield to maturity of 7.08%.

More Bonds from This Issuer
I
Indian Railway Finance 7.41% Oct 2026 NCD
AAA
Coupon
7.41%
Maturity
15 Oct 2026
I
Indian Railway Finance ZC Nov 2026 NCD
AAA
Coupon
Maturity
08 Nov 2026
I
Indian Railway Finance 7.68% Nov 2026 NCD
AAA
Coupon
7.68%
Maturity
24 Nov 2026
I
Indian Railway Finance 7.83% Mar 2027 NCD
AAA
Coupon
7.83%
Maturity
21 Mar 2027
Compare (/) Compare Bonds

← Back to screener