Indian Railway Finance Corporation 6.92% Aug 2031 NCD (INE053F08122)

CARE AAA / Stable Unsecured NCD

Indian Railway Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

165 more bonds from Indian Railway Finance Corporation Limited →

Current YTM

8.15%

Market YTM

Coupon Rate

6.92%

Per annum

Maturity Date

31 Aug 2031

4.8 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹10,00,000

Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

15 Oct 2026 Interest payment notice Submission of Interest payment confirmation of IRFC various series of Bonds due on 15.10.2026 under SEBI LODR Regulations
15 Sep 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
1 Sep 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
10 Aug 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…

Market Position

YTM (Annual)

8.15%

Last traded 5 Nov 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+98 bps

vs 4.8Y G-Sec at 7.17%

Below the median spread for similar-tenor peers

Tenure

4.8 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

29 Jun 20265 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

Payment schedule not projected

The issuer's filed interest dates do not follow the maturity-date anniversaries our projection assumes, so projected dates and accrued interest would be wrong.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

6.92%

YTM (Annual)

8.15%

Credit Rating

AAA

(CARE) · rated 9 Jul 2026, 3 months ago

Remaining Tenure

4.8 Years

AAA (CARE): Rated 9 Jul 2026 (3 months ago).

AAA (CRISIL): Rated 30 Sep 2021 (5 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

With more than one agency, the rating shown at the top is the lowest of those dated within the last 15 months (or the newest, when none is). How we pick it →

Advanced metrics

Modified Duration

—

Macaulay Duration

—

Issue Size

₹4,000 Cr

Minimum Investment

₹10,00,000

1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

—

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

5 Nov 2026

BSE

Trades (30 Days)

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
1 secondary-market trade recorded in the last 30 days.
Coupon is 3.28 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 7 Nov 2026

Issuer

Indian Railway Finance Corporation Limited

Instrument Type

NCD

Issue Date

31 Aug 2021

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Indian Railway Finance Corporation Limited issued Indian Railway Finance Corporation 6.92% Aug 2031 NCD, an unsecured, rated NCD. It pays a 6.92% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

3 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

Date	Agency	Rating	Outlook	Status	Source
9 Jul 2026	CARE	AAA	Stable	Latest	CARE press release →
30 Sep 2021	CRISIL	AAA	Stable	Latest	BSE listing
2021	CARE	AAA	—	NSDL record, 2021	NSDL debt master

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Alert me about Indian Railway Finance Corporation Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE053F08122: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-11-05	98.7000	8.1500	2
2026-07-15	98.6463	7.2400	—
2026-07-08	99.1009	7.1300	—
2026-06-29	100.5500	6.7900	3

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	3	CARE, CRISIL	2026-07-09
Rating Actions History	0	—	—
Secondary-Market Trades	4	BSE	2026-11-05
Reg52(4) Payment Disclosures	0	—	—

Documents

BSE Debenture Detail & Term Sheet

Entity metadata

Source: BSE
Last Updated: 7 Nov 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.

₹9,87,000.00

YTM8.15%

Trade Date 5 Nov 2026 3d ago

SourceBSE

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on Indian Railway Finance Corporation 6.92% Aug 2031 NCD?

Indian Railway Finance Corporation 6.92% Aug 2031 NCD carries a coupon of 6.92%, paid annual, on a face value of ₹10,00,000.

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

Indian Railway Finance Corporation 6.92% Aug 2031 NCD matures on 31 Aug 2031, 4.8 years from today.

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

Indian Railway Finance Corporation 6.92% Aug 2031 NCD is rated AAA by CARE (rating dated 9 Jul 2026) and AAA by CRISIL (rating dated 30 Sep 2021).

Is Indian Railway Finance Corporation 6.92% Aug 2031 NCD secured?

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

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

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

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

The last recorded trade on 5 Nov 2026 priced Indian Railway Finance Corporation 6.92% Aug 2031 NCD at ₹9,87,000.00 per bond, implying a yield to maturity of 8.15%.

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Maturity

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Maturity

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Maturity

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Compare (/) Compare Bonds

Comparable NCDs maturing near 2031

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 6.92%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE134E08LN6	Power Finance Corporation Limited	AAA	6.92%	2032-04-14
INE020B08DA7	REC Limited	AAA	6.90%	2031-03-31
INE134E08LM8	Power Finance Corporation Limited	AAA	6.95%	2031-10-01
INE115A07PL0	LIC Housing Finance Limited	AAA NSDL record, 2021	6.95%	2031-09-24
INE040A08AD7	HDFC Bank Limited	AAA NSDL record, 2023	6.88%	2031-06-16
INE040A08781	HDFC Bank Limited	AAA NSDL record, 2023	6.88%	2031-09-24

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