I

Indian Railway Finance Corpo… 7.39% Jul 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
7.42%
Market YTM
Coupon Rate
7.39%
Per annum
Maturity Date
15 Jul 2034
7.9 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.42%
Live, last traded 2026-08-04
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+87 bps
vs 7.9Y G-Sec at 6.55%
Below the median spread for similar-tenor peers
Tenure
7.9 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
15 Jul 2027
Interest Payment
₹7,390.00 / Bond
15 Jul 2028
Interest Payment
₹7,390.00 / Bond
15 Jul 2029
Interest Payment
₹7,390.00 / Bond
15 Jul 2030
Interest Payment
₹7,390.00 / Bond
15 Jul 2031
Interest Payment
₹7,390.00 / Bond
15 Jul 2032
Interest Payment
₹7,390.00 / Bond
15 Jul 2033
Interest Payment
₹7,390.00 / Bond
15 Jul 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 2024-07-15 Matures 2034-07-15
Key Metrics
Coupon Rate
7.39%
YTM (Annual)
7.42%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
7.9 Years
Advanced metrics
Modified Duration
5.77 Yrs
Macaulay Duration
6.19 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.77 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-04
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 2.61 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
2024-07-15
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Issued by Indian Railway Finance Corporation Limited, 7.39% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BOND IN THE NATURE OF DEBENTURE SERIES 180 DATE OF MATURITY 15/07/2034. is a rated, ncd paying a 7.39% p.a. coupon annual. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-04 99.7932 7.4164 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2024-06-27
Rating Actions History 0
Secondary-Market Trades 1 NSE OTC (WAP) 2026-08-04
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… 7.39% Jul 2034 NCD?

Indian Railway Finance Corpo… 7.39% Jul 2034 NCD carries a coupon of 7.39%, paid annual, on a face value of ₹100,000.

When does Indian Railway Finance Corpo… 7.39% Jul 2034 NCD mature?

Indian Railway Finance Corpo… 7.39% Jul 2034 NCD matures on 2034-07-15, 7.9 years from today.

What is Indian Railway Finance Corpo… 7.39% Jul 2034 NCD rated?

Indian Railway Finance Corpo… 7.39% Jul 2034 NCD is rated AAA by CRISIL. As of 2024-06-27.

Is Indian Railway Finance Corpo… 7.39% Jul 2034 NCD secured?

Indian Railway Finance Corpo… 7.39% Jul 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Indian Railway Finance Corpo… 7.39% Jul 2034 NCD currently offer?

The last recorded trade on 2026-08-04 priced Indian Railway Finance Corpo… 7.39% Jul 2034 NCD at ₹99.79, implying a yield to maturity of 7.42%.

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