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Indian Railway Finance 7.41% Oct 2026 NCD

AAA / Stable Unsecured NCD

Indian Railway Finance Corporation

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2026

Current YTM
6.55%
Market YTM
Coupon Rate
7.41%
Per annum
Maturity Date
15 Oct 2026
0.1 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
6.55%
Live, last traded 2026-08-18
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+128 bps
vs 0.1Y G-Sec at 5.27%
Below the median spread for similar-tenor peers
Tenure
0.1 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-25 2026-08-18
Cashflow Timeline
15 Oct 2026
Principal Payment
₹100,000.00 / Bond

Next 0 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2023-06-27 Matures 2026-10-15
Key Metrics
Coupon Rate
7.41%
YTM (Annual)
6.55%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
0.1 Years
Advanced metrics
Modified Duration
0.12 Yrs
Macaulay Duration
0.13 Yrs
Issue Size
₹2,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
0.12 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-18
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 2.59 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
2023-06-27
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

IRFC-7.41%-15-10-26-PVT is a rated, redeemable ncd issued by Indian Railway Finance Corporation. The bond offers a fixed coupon of 7.41% p.a. with annual interest payments and repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-18 100.1070 6.5500 None
2026-08-13 100.1174 6.5500 None
2026-08-03 100.0500 7.0000 None
2026-07-01 100.1791 6.6700 None
2026-06-29 100.0585 7.1000 None
2026-06-25 100.0471 7.1250 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2023-07-31
Rating Actions History 0
Secondary-Market Trades 6 NSE OTC (WAP) 2026-08-18
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 7.41% Oct 2026 NCD?

Indian Railway Finance 7.41% Oct 2026 NCD carries a coupon of 7.41%, paid annual, on a face value of ₹100,000.

When does Indian Railway Finance 7.41% Oct 2026 NCD mature?

Indian Railway Finance 7.41% Oct 2026 NCD matures on 2026-10-15, 0.1 years from today.

What is Indian Railway Finance 7.41% Oct 2026 NCD rated?

Indian Railway Finance 7.41% Oct 2026 NCD is rated AAA by CRISIL. As of 2023-07-31.

Is Indian Railway Finance 7.41% Oct 2026 NCD secured?

Indian Railway Finance 7.41% Oct 2026 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance 7.41% Oct 2026 NCD trade?

Indian Railway Finance 7.41% Oct 2026 NCD is listed on BSE.

What yield does Indian Railway Finance 7.41% Oct 2026 NCD currently offer?

The last recorded trade on 2026-08-18 priced Indian Railway Finance 7.41% Oct 2026 NCD at ₹100.11, implying a yield to maturity of 6.55%.

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