I

Indian Railway Finance Corpo… 7.44% Feb 2034 NCD

AAA Unsecured NCD

Indian Railway Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

Current YTM
7.31%
Market YTM
Coupon Rate
7.44%
Per annum
Maturity Date
28 Feb 2034
7.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.31%
Live, last traded 2026-07-17
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+54 bps
vs 7.5Y G-Sec at 6.77%
Below the median spread for similar-tenor peers
Tenure
7.5 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
28 Feb 2027
Interest Payment
₹7,440.00 / Bond
28 Feb 2028
Interest Payment
₹7,440.00 / Bond
28 Feb 2029
Interest Payment
₹7,440.00 / Bond
28 Feb 2030
Interest Payment
₹7,440.00 / Bond
28 Feb 2031
Interest Payment
₹7,440.00 / Bond
28 Feb 2032
Interest Payment
₹7,440.00 / Bond
28 Feb 2033
Interest Payment
₹7,440.00 / Bond
28 Feb 2034
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 2024-02-28 Matures 2034-02-28
Key Metrics
Coupon Rate
7.44%
YTM (Annual)
7.31%
Credit Rating
AAA
(ICRA)
Remaining Tenure
7.5 Years
Advanced metrics
Modified Duration
5.42 Yrs
Macaulay Duration
5.81 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.42 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-17
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 2.56 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
2024-02-28
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Issued by Indian Railway Finance Corporation Limited, 7.44% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN NATURE OF DEBENTURE SERIES 177 DATE OF MATURITY 28/02/2034 is a rated, ncd paying a 7.44% p.a. coupon annual. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-17 100.7014 7.3090 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2024-02-21
Rating Actions History 0
Secondary-Market Trades 1 NSE OTC (WAP) 2026-07-17
Reg52(4) Payment Disclosures 0
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… 7.44% Feb 2034 NCD?

Indian Railway Finance Corpo… 7.44% Feb 2034 NCD carries a coupon of 7.44%, paid annual, on a face value of ₹100,000.

When does Indian Railway Finance Corpo… 7.44% Feb 2034 NCD mature?

Indian Railway Finance Corpo… 7.44% Feb 2034 NCD matures on 2034-02-28, 7.5 years from today.

What is Indian Railway Finance Corpo… 7.44% Feb 2034 NCD rated?

Indian Railway Finance Corpo… 7.44% Feb 2034 NCD is rated AAA by ICRA. As of 2024-02-21.

Is Indian Railway Finance Corpo… 7.44% Feb 2034 NCD secured?

Indian Railway Finance Corpo… 7.44% Feb 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Indian Railway Finance Corpo… 7.44% Feb 2034 NCD currently offer?

The last recorded trade on 2026-07-17 priced Indian Railway Finance Corpo… 7.44% Feb 2034 NCD at ₹100.70, implying a yield to maturity of 7.31%.

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