I

Indian Railway Finance 7.48% Aug 2034 NCD

AAA Secured NCD

Indian Railway Finance Corporation

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

Current YTM
7.35%
Market YTM
Coupon Rate
7.48%
Per annum
Maturity Date
29 Aug 2034
8.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.35%
Live, last traded 2026-07-07
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+85 bps
vs 8.0Y G-Sec at 6.50%
Below the median spread for similar-tenor peers
Tenure
8.0 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 Aug 2026
Interest Payment
₹74,800.00 / Bond
29 Aug 2027
Interest Payment
₹74,800.00 / Bond
29 Aug 2028
Interest Payment
₹74,800.00 / Bond
29 Aug 2029
Interest Payment
₹74,800.00 / Bond
29 Aug 2030
Interest Payment
₹74,800.00 / Bond
29 Aug 2031
Interest Payment
₹74,800.00 / Bond
29 Aug 2032
Interest Payment
₹74,800.00 / Bond
29 Aug 2033
Interest Payment
₹74,800.00 / Bond
29 Aug 2034
Principal Payment
₹1,000,000.00 / Bond

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

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2019-08-29 Matures 2034-08-29
Key Metrics
Coupon Rate
7.48%
YTM (Annual)
7.35%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
8.0 Years
Advanced metrics
Modified Duration
5.88 Yrs
Macaulay Duration
6.31 Yrs
Issue Size
₹2,107 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
5.88 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-07
NSE OTC (WAP)
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 2.52 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
2019-08-29
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Indian Railway Finance Corporation issued this secured, rated, ncd (IRFC-7.48%-29-8-34-PVT) carrying a 7.48% p.a. coupon, paid annual. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-07 100.7300 7.3503 None
2026-07-02 94.8200 8.3700 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2019-09-30
Rating Actions History 0
Secondary-Market Trades 2 NSE OTC (WAP) 2026-07-07
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 7.48% Aug 2034 NCD?

Indian Railway Finance 7.48% Aug 2034 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 2034 NCD mature?

Indian Railway Finance 7.48% Aug 2034 NCD matures on 2034-08-29, 8.0 years from today.

What is Indian Railway Finance 7.48% Aug 2034 NCD rated?

Indian Railway Finance 7.48% Aug 2034 NCD is rated AAA by CRISIL and AAA by CARE. As of 2019-08-07.

Is Indian Railway Finance 7.48% Aug 2034 NCD secured?

Indian Railway Finance 7.48% Aug 2034 NCD is a secured bond.

Where does Indian Railway Finance 7.48% Aug 2034 NCD trade?

Indian Railway Finance 7.48% Aug 2034 NCD is listed on BSE.

What yield does Indian Railway Finance 7.48% Aug 2034 NCD currently offer?

The last recorded trade on 2026-07-07 priced Indian Railway Finance 7.48% Aug 2034 NCD at ₹100.73, implying a yield to maturity of 7.35%.

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