Market closed today (Weekend) · Prices and yields as of last trading day, 06 Nov 2026
Happy Diwali from all of us at RetailBonds
I

Indian Railway Finance Corporation 7.44% Jun 2034 NCD (INE053F08395)

CARE AAA / Stable Unsecured NCD

Indian Railway Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

165 more bonds from Indian Railway Finance Corporation Limited →
Current YTM
7.86%
Market YTM
Coupon Rate
7.44%
Per annum
Maturity Date
13 Jun 2034
7.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,000
Per Bond

Issuer events

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

Market Position

YTM (Annual)
7.86%
Last traded 9 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+50 bps
vs 7.6Y G-Sec at 7.36%
Below the median spread for similar-tenor peers
Tenure
7.6 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.

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

13 Jun 2027
Interest Payment
₹7,440.00 / Bond
₹6,696.00 net of 10% TDS (est.)
13 Jun 2028
Interest Payment
₹7,440.00 / Bond
₹6,696.00 net of 10% TDS (est.)
13 Jun 2029
Interest Payment
₹7,440.00 / Bond
₹6,696.00 net of 10% TDS (est.)
13 Jun 2030
Interest Payment
₹7,440.00 / Bond
₹6,696.00 net of 10% TDS (est.)
13 Jun 2031
Interest Payment
₹7,440.00 / Bond
₹6,696.00 net of 10% TDS (est.)
13 Jun 2032
Interest Payment
₹7,440.00 / Bond
₹6,696.00 net of 10% TDS (est.)
13 Jun 2033
Interest Payment
₹7,440.00 / Bond
₹6,696.00 net of 10% TDS (est.)
13 Jun 2034
Final coupon + principal
₹1,07,440.00 / Bond
₹7,440.00 coupon + ₹1,00,000 face value

8 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 13 Jun 2024 Matures 13 Jun 2034

Key Metrics

Coupon Rate
7.44%
YTM (Annual)
7.86%
Credit Rating
AAA
(CARE) · rated 9 Jul 2026, 3 months ago
Remaining Tenure
7.6 Years
Advanced metrics
Modified Duration
5.45 Yrs
Macaulay Duration
5.88 Yrs
Issue Size
₹3,000 Cr
Face Value
₹1,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
5.45 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
9 Oct 2026
NSE OTC (WAP)
Trades (30 Days)
1
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 2.76 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 16 Jul 2026
Instrument Type
NCD
Issue Date
13 Jun 2024
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Indian Railway Finance Corporation Limited issued Indian Railway Finance Corporation 7.44% Jun 2034 NCD, an unsecured, rated NCD. It pays a 7.44% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 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.

DateAgencyRatingOutlookStatusSource
9 Jul 2026 CARE AAA Stable Latest CARE press release →
2024 CRISIL AAA — NSDL record, 2024 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 INE053F08395: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-09 97.5614 7.8600 —
2026-10-06 97.5614 7.8600 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2026-07-09
Rating Actions History 0 — —
Secondary-Market Trades 2 NSE OTC (WAP) 2026-10-09
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
NSDL debt master
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.

Current Price (Clean)
₹97,561.40
YTM7.86%
Trade Date 9 Oct 2026 30d ago
SourceNSE OTC (WAP)
Accrued interest (est.)₹3,037.15
Dirty price (est.)₹1,00,598.55
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE053F08395
Issue Date
13 Jun 2024
Maturity Date
13 Jun 2034
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

Get notified of downgrades, upgrades, and credit watches across all tracked bonds.

Subscribe Free

Weekly digest. No spam. Unsubscribe anytime.

Frequently Asked Questions
What is the coupon rate on Indian Railway Finance Corporation 7.44% Jun 2034 NCD?

Indian Railway Finance Corporation 7.44% Jun 2034 NCD carries a coupon of 7.44%, paid annual, on a face value of ₹1,00,000.

When does Indian Railway Finance Corporation 7.44% Jun 2034 NCD mature?

Indian Railway Finance Corporation 7.44% Jun 2034 NCD matures on 13 Jun 2034, 7.6 years from today.

What is Indian Railway Finance Corporation 7.44% Jun 2034 NCD rated?

Indian Railway Finance Corporation 7.44% Jun 2034 NCD is rated AAA by CARE (rating dated 9 Jul 2026).

Is Indian Railway Finance Corporation 7.44% Jun 2034 NCD secured?

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

What yield does Indian Railway Finance Corporation 7.44% Jun 2034 NCD currently offer?

The last recorded trade on 9 Oct 2026 priced Indian Railway Finance Corporation 7.44% Jun 2034 NCD at ₹97,561.40 per bond, implying a yield to maturity of 7.86%.

More Bonds from This Issuer

I
Indian Railway Finance Corporation 7.77% Nov 2026 Bond
INE053F09HU6
Coupon
7.77%
Maturity
08 Nov 2026
I
Indian Railway Finance Corporation 7.68% Nov 2026 NCD
INE053F08338
Coupon
7.68%
Maturity
24 Nov 2026
I
Indian Railway Finance Corporation 8.75% Nov 2026 NCD
INE053F09EL2
Coupon
8.75%
Maturity
29 Nov 2026
I
Indian Railway Finance Corporation 5.00% Nov 2026 NCD
INE053F07DE3
AAA
Coupon
5.00%
Maturity
30 Nov 2026
Compare (/) Compare Bonds

Comparable NCDs maturing near 2034

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 7.44%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE238A08500Axis Bank LimitedAAA7.45%2034-09-05
INE936D07190Jamnagar Utilities & Power Private LimitedAAA7.43%2034-10-24
INE134E08NN2Power Finance Corporation LimitedAAA7.40%2035-01-15
INE377Y07540Bajaj Housing Finance LimitedAAA7.50%2035-04-09
INE261F08BR6National Bank for Agriculture and Rural DevelopmentAAA NSDL record, 20197.50%2034-11-17
INE020B08FB0REC LimitedAAA7.53%2034-05-31

← Back to screener