I

Indian Railway Finance 6.92% Aug 2031 NCD

AAA / Stable Unsecured NCD

Indian Railway Finance Corporation

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
7.24%
Market YTM
Coupon Rate
6.92%
Per annum
Maturity Date
31 Aug 2031
5.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.24%
Live, last traded 2026-07-15
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+84 bps
vs 5.0Y G-Sec at 6.40%
Below the median spread for similar-tenor peers
Tenure
5.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-29 2026-07-15
Cashflow Timeline
31 Aug 2026
Interest Payment
₹69,200.00 / Bond
31 Aug 2027
Interest Payment
₹69,200.00 / Bond
31 Aug 2028
Interest Payment
₹69,200.00 / Bond
31 Aug 2029
Interest Payment
₹69,200.00 / Bond
31 Aug 2030
Interest Payment
₹69,200.00 / Bond
31 Aug 2031
Principal Payment
₹1,000,000.00 / Bond

Next 5 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2021-08-31 Matures 2031-08-31
Key Metrics
Coupon Rate
6.92%
YTM (Annual)
7.24%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
5.0 Years
Advanced metrics
Modified Duration
3.83 Yrs
Macaulay Duration
4.11 Yrs
Issue Size
₹4,000 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
3.83 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-15
NSE OTC (WAP)
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 3.08 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
2021-08-31
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Indian Railway Finance Corporation issued this rated, ncd (IRFC-6.92%-31-08-31-PVT) carrying a 6.92% p.a. coupon, paid annual. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-15 98.6463 7.2400 None
2026-07-08 99.1009 7.1300 None
2026-06-29 100.5500 6.7900 3
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2021-09-30
Rating Actions History 0
Secondary-Market Trades 3 NSE OTC (WAP) 2026-07-15
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 6.92% Aug 2031 NCD?

Indian Railway Finance 6.92% Aug 2031 NCD carries a coupon of 6.92%, paid annual, on a face value of ₹1,000,000.

When does Indian Railway Finance 6.92% Aug 2031 NCD mature?

Indian Railway Finance 6.92% Aug 2031 NCD matures on 2031-08-31, 5.0 years from today.

What is Indian Railway Finance 6.92% Aug 2031 NCD rated?

Indian Railway Finance 6.92% Aug 2031 NCD is rated AAA by CRISIL and AAA by CARE. As of 2021-09-30.

Is Indian Railway Finance 6.92% Aug 2031 NCD secured?

Indian Railway Finance 6.92% Aug 2031 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance 6.92% Aug 2031 NCD trade?

Indian Railway Finance 6.92% Aug 2031 NCD is listed on BSE.

What yield does Indian Railway Finance 6.92% Aug 2031 NCD currently offer?

The last recorded trade on 2026-07-15 priced Indian Railway Finance 6.92% Aug 2031 NCD at ₹98.65, implying a yield to maturity of 7.24%.

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