I

Indian Railway Finance Corpo… 7.74% Apr 2038 NCD

AAA Unsecured NCD

Indian Railway Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2038

Current YTM
No live YTM available
Coupon Rate
7.74%
Per annum
Maturity Date
15 Apr 2038
11.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual) EST
~7.74%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+115 bps
vs 11.6Y G-Sec at 6.59% *
Below the median spread for similar-tenor peers
Tenure
11.6 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
17 Mar 2027
Interest Payment
₹7,740.00 / Bond
17 Mar 2028
Interest Payment
₹7,740.00 / Bond
17 Mar 2029
Interest Payment
₹7,740.00 / Bond
17 Mar 2030
Interest Payment
₹7,740.00 / Bond
17 Mar 2031
Interest Payment
₹7,740.00 / Bond
17 Mar 2032
Interest Payment
₹7,740.00 / Bond
17 Mar 2033
Interest Payment
₹7,740.00 / Bond
17 Mar 2034
Interest Payment
₹7,740.00 / Bond
15 Apr 2038
Principal Payment
₹100,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2023-03-17 Matures 2038-04-15
Key Metrics
Coupon Rate
7.74%
YTM (Annual)
Credit Rating
AAA
(CRISIL)
Remaining Tenure
11.6 Years
Advanced metrics
Modified Duration
7.29 Yrs
Macaulay Duration
7.86 Yrs
Issue Size
₹2,825 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
7.29 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
No recorded trades
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 2.26 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2023-03-17
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Indian Railway Finance Corporation Limited issued this rated, ncd (7.74% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES 170B DATE OF MATURITY 15/04/2038) carrying a 7.74% p.a. coupon, paid annual. It repays principal on maturity.

Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2023-02-21
Rating Actions History 0
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 0
  • No secondary-market trades recorded — YTM figures use the coupon rate as a proxy.
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 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 Corpo… 7.74% Apr 2038 NCD?

Indian Railway Finance Corpo… 7.74% Apr 2038 NCD carries a coupon of 7.74%, paid annual, on a face value of ₹100,000.

When does Indian Railway Finance Corpo… 7.74% Apr 2038 NCD mature?

Indian Railway Finance Corpo… 7.74% Apr 2038 NCD matures on 2038-04-15, 11.6 years from today.

What is Indian Railway Finance Corpo… 7.74% Apr 2038 NCD rated?

Indian Railway Finance Corpo… 7.74% Apr 2038 NCD is rated AAA by CRISIL. As of 2023-02-21.

Is Indian Railway Finance Corpo… 7.74% Apr 2038 NCD secured?

Indian Railway Finance Corpo… 7.74% Apr 2038 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

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