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Indian Railway Finance 6.89% Jul 2031 NCD

AAA Unsecured NCD

Indian Railway Finance Corporation

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
7.77%
Market YTM
Coupon Rate
6.89%
Per annum
Maturity Date
19 Jul 2031
4.9 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.77%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+131 bps
vs 4.9Y G-Sec at 6.46%
Below the median spread for similar-tenor peers
Tenure
4.9 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-31 2026-08-26
Cashflow Timeline
19 Jul 2027
Interest Payment
₹68,900.00 / Bond
19 Jul 2028
Interest Payment
₹68,900.00 / Bond
19 Jul 2029
Interest Payment
₹68,900.00 / Bond
19 Jul 2030
Interest Payment
₹68,900.00 / Bond
19 Jul 2031
Principal Payment
₹1,000,000.00 / Bond

Next 4 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2021-07-19 Matures 2031-07-19
Key Metrics
Coupon Rate
6.89%
YTM (Annual)
7.77%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
4.9 Years
Advanced metrics
Modified Duration
3.96 Yrs
Macaulay Duration
4.27 Yrs
Issue Size
₹2,981 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
3.96 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE OTC (WAP)
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 3.11 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
2021-07-19
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Indian Railway Finance Corporation, IRFC-6.89%-19-7-31-PVT is a rated, ncd paying a 6.89% p.a. coupon annual. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-26 96.4800 7.7701 None
2026-08-25 96.4800 7.7701 None
2026-07-31 98.7091 7.2000 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2021-07-31
Rating Actions History 0
Secondary-Market Trades 3 NSE OTC (WAP) 2026-08-26
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 6.89% Jul 2031 NCD?

Indian Railway Finance 6.89% Jul 2031 NCD carries a coupon of 6.89%, paid annual, on a face value of ₹1,000,000.

When does Indian Railway Finance 6.89% Jul 2031 NCD mature?

Indian Railway Finance 6.89% Jul 2031 NCD matures on 2031-07-19, 4.9 years from today.

What is Indian Railway Finance 6.89% Jul 2031 NCD rated?

Indian Railway Finance 6.89% Jul 2031 NCD is rated AAA by CRISIL. As of 2021-07-31.

Is Indian Railway Finance 6.89% Jul 2031 NCD secured?

Indian Railway Finance 6.89% Jul 2031 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance 6.89% Jul 2031 NCD trade?

Indian Railway Finance 6.89% Jul 2031 NCD is listed on BSE.

What yield does Indian Railway Finance 6.89% Jul 2031 NCD currently offer?

The last recorded trade on 2026-08-26 priced Indian Railway Finance 6.89% Jul 2031 NCD at ₹96.48, implying a yield to maturity of 7.77%.

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