I

Indian Railway Finance 7.65% Apr 2033 NCD

AAA Unsecured NCD

Indian Railway Finance Corporation

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2033

Current YTM
7.57%
Market YTM
Coupon Rate
7.65%
Per annum
Maturity Date
18 Apr 2033
6.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.57%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+76 bps
vs 6.6Y G-Sec at 6.81%
Below the median spread for similar-tenor peers
Tenure
6.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-25 2026-08-27
Cashflow Timeline
18 Jan 2027
Interest Payment
₹7,650.00 / Bond
18 Jan 2028
Interest Payment
₹7,650.00 / Bond
18 Jan 2029
Interest Payment
₹7,650.00 / Bond
18 Jan 2030
Interest Payment
₹7,650.00 / Bond
18 Jan 2031
Interest Payment
₹7,650.00 / Bond
18 Jan 2032
Interest Payment
₹7,650.00 / Bond
18 Jan 2033
Interest Payment
₹7,650.00 / Bond
18 Apr 2033
Principal Payment
₹100,000.00 / Bond

Next 7 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2023-01-18 Matures 2033-04-18
Key Metrics
Coupon Rate
7.65%
YTM (Annual)
7.57%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
6.6 Years
Advanced metrics
Modified Duration
4.94 Yrs
Macaulay Duration
5.31 Yrs
Issue Size
₹2,500 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
4.94 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-27
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 2.35 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
2023-01-18
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Indian Railway Finance Corporation, IRFC-7.65%-18-4-33-PVT is a rated, ncd paying a 7.65% p.a. coupon annual. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 100.3843 7.5700 None
2026-08-26 100.5368 7.5400 None
2026-08-25 100.5368 7.5400 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2023-01-31
Rating Actions History 0
Secondary-Market Trades 3 NSE OTC (WAP) 2026-08-27
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 7.65% Apr 2033 NCD?

Indian Railway Finance 7.65% Apr 2033 NCD carries a coupon of 7.65%, paid annual, on a face value of ₹100,000.

When does Indian Railway Finance 7.65% Apr 2033 NCD mature?

Indian Railway Finance 7.65% Apr 2033 NCD matures on 2033-04-18, 6.6 years from today.

What is Indian Railway Finance 7.65% Apr 2033 NCD rated?

Indian Railway Finance 7.65% Apr 2033 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2023-01-31.

Is Indian Railway Finance 7.65% Apr 2033 NCD secured?

Indian Railway Finance 7.65% Apr 2033 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance 7.65% Apr 2033 NCD trade?

Indian Railway Finance 7.65% Apr 2033 NCD is listed on BSE.

What yield does Indian Railway Finance 7.65% Apr 2033 NCD currently offer?

The last recorded trade on 2026-08-27 priced Indian Railway Finance 7.65% Apr 2033 NCD at ₹100.38, implying a yield to maturity of 7.57%.

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