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Indian Railway Finance 7.48% Aug 2029 NCD

AAA Secured NCD

Indian Railway Finance Corporation

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
7.29%
Market YTM
Coupon Rate
7.48%
Per annum
Maturity Date
13 Aug 2029
3.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.29%
Live, last traded 2026-08-20
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+127 bps
vs 3.0Y G-Sec at 6.02%
Below the median spread for similar-tenor peers
Tenure
3.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-30 2026-08-20
Cashflow Timeline
13 Aug 2027
Interest Payment
₹74,800.00 / Bond
13 Aug 2028
Interest Payment
₹74,800.00 / Bond
13 Aug 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 2019-08-13 Matures 2029-08-13
Key Metrics
Coupon Rate
7.48%
YTM (Annual)
7.29%
Credit Rating
AAA
(CARE)
Remaining Tenure
3.0 Years
Advanced metrics
Modified Duration
2.57 Yrs
Macaulay Duration
2.75 Yrs
Issue Size
₹2,592 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
2.57 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-20
NSE OTC (WAP)
Trades (30 Days)
5
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 5 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.52 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
2019-08-13
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

IRFC-7.48%-13-8-29-PVT is a secured, rated, redeemable ncd issued by Indian Railway Finance Corporation. The bond offers a fixed coupon of 7.48% p.a. with annual interest payments and repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-20 100.4614 7.2900 None
2026-08-14 100.3100 7.2500 1
2026-08-13 99.3500 7.7200 None
2026-08-10 99.4500 7.6800 None
2026-07-30 100.6479 7.2250 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2019-08-31
Rating Actions History 0
Secondary-Market Trades 5 NSE OTC (WAP) 2026-08-20
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 7.48% Aug 2029 NCD?

Indian Railway Finance 7.48% Aug 2029 NCD carries a coupon of 7.48%, paid annual, on a face value of ₹1,000,000.

When does Indian Railway Finance 7.48% Aug 2029 NCD mature?

Indian Railway Finance 7.48% Aug 2029 NCD matures on 2029-08-13, 3.0 years from today.

What is Indian Railway Finance 7.48% Aug 2029 NCD rated?

Indian Railway Finance 7.48% Aug 2029 NCD is rated AAA by CARE. As of 2019-08-31.

Is Indian Railway Finance 7.48% Aug 2029 NCD secured?

Indian Railway Finance 7.48% Aug 2029 NCD is a secured bond.

Where does Indian Railway Finance 7.48% Aug 2029 NCD trade?

Indian Railway Finance 7.48% Aug 2029 NCD is listed on BSE.

What yield does Indian Railway Finance 7.48% Aug 2029 NCD currently offer?

The last recorded trade on 2026-08-20 priced Indian Railway Finance 7.48% Aug 2029 NCD at ₹100.46, implying a yield to maturity of 7.29%.

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