I

Indian Railway Finance 7.54% Jul 2034 NCD

AAA Secured NCD

Indian Railway Finance Corporation

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

Current YTM
7.56%
Market YTM
Coupon Rate
7.54%
Per annum
Maturity Date
29 Jul 2034
7.9 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.56%
Live, last traded 2026-08-21
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+101 bps
vs 7.9Y G-Sec at 6.55%
Below the median spread for similar-tenor peers
Tenure
7.9 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 Jul 2027
Interest Payment
₹75,400.00 / Bond
29 Jul 2028
Interest Payment
₹75,400.00 / Bond
29 Jul 2029
Interest Payment
₹75,400.00 / Bond
29 Jul 2030
Interest Payment
₹75,400.00 / Bond
29 Jul 2031
Interest Payment
₹75,400.00 / Bond
29 Jul 2032
Interest Payment
₹75,400.00 / Bond
29 Jul 2033
Interest Payment
₹75,400.00 / Bond
29 Jul 2034
Principal Payment
₹1,000,000.00 / Bond

Next 7 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2019-07-29 Matures 2034-07-29
Key Metrics
Coupon Rate
7.54%
YTM (Annual)
7.56%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
7.9 Years
Advanced metrics
Modified Duration
5.77 Yrs
Macaulay Duration
6.21 Yrs
Issue Size
₹2,456 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
5.77 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-21
BSE
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.46 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
2019-07-29
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Indian Railway Finance Corporation, IRFC-7.54%-29-7-34-PVT is a secured, rated, ncd paying a 7.54% p.a. coupon annual. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-21 99.8500 7.5600 1
2026-08-20 99.1300 7.6800 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2019-08-31
Rating Actions History 0
Secondary-Market Trades 2 BSE 2026-08-21
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 7.54% Jul 2034 NCD?

Indian Railway Finance 7.54% Jul 2034 NCD carries a coupon of 7.54%, paid annual, on a face value of ₹1,000,000.

When does Indian Railway Finance 7.54% Jul 2034 NCD mature?

Indian Railway Finance 7.54% Jul 2034 NCD matures on 2034-07-29, 7.9 years from today.

What is Indian Railway Finance 7.54% Jul 2034 NCD rated?

Indian Railway Finance 7.54% Jul 2034 NCD is rated AAA by CRISIL and AAA by CARE. As of 2019-07-15.

Is Indian Railway Finance 7.54% Jul 2034 NCD secured?

Indian Railway Finance 7.54% Jul 2034 NCD is a secured bond.

Where does Indian Railway Finance 7.54% Jul 2034 NCD trade?

Indian Railway Finance 7.54% Jul 2034 NCD is listed on BSE.

What yield does Indian Railway Finance 7.54% Jul 2034 NCD currently offer?

The last recorded trade on 2026-08-21 priced Indian Railway Finance 7.54% Jul 2034 NCD at ₹99.85, implying a yield to maturity of 7.56%.

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