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Indian Railway Finance 7.15% Dec 2034 NCD

AAA Unsecured NCD

Indian Railway Finance Corporation

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

Current YTM
6.88%
Market YTM
Coupon Rate
7.15%
Per annum
Maturity Date
27 Dec 2034
8.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
6.88%
Live, last traded 2026-07-23
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+54 bps
vs 8.3Y G-Sec at 6.33%
Below the median spread for similar-tenor peers
Tenure
8.3 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
27 Dec 2026
Interest Payment
₹7,150.00 / Bond
27 Dec 2027
Interest Payment
₹7,150.00 / Bond
27 Dec 2028
Interest Payment
₹7,150.00 / Bond
27 Dec 2029
Interest Payment
₹7,150.00 / Bond
27 Dec 2030
Interest Payment
₹7,150.00 / Bond
27 Dec 2031
Interest Payment
₹7,150.00 / Bond
27 Dec 2032
Interest Payment
₹7,150.00 / Bond
27 Dec 2033
Interest Payment
₹7,150.00 / Bond
27 Dec 2034
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 2024-12-27 Matures 2034-12-27
Key Metrics
Coupon Rate
7.15%
YTM (Annual)
6.88%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
8.3 Years
Advanced metrics
Modified Duration
5.88 Yrs
Macaulay Duration
6.28 Yrs
Issue Size
₹2,840 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.88 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-23
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 2.85 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
2024-12-27
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Indian Railway Finance Corporation issued this rated, ncd (IRFC-7.15%-27-12-34-PVT) carrying a 7.15% p.a. coupon, paid annual. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-23 101.6500 6.8777 2
2026-07-22 98.6317 7.3650 2
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2024-12-31
Rating Actions History 0
Secondary-Market Trades 2 NSE OTC (WAP) 2026-07-23
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 7.15% Dec 2034 NCD?

Indian Railway Finance 7.15% Dec 2034 NCD carries a coupon of 7.15%, paid annual, on a face value of ₹100,000.

When does Indian Railway Finance 7.15% Dec 2034 NCD mature?

Indian Railway Finance 7.15% Dec 2034 NCD matures on 2034-12-27, 8.3 years from today.

What is Indian Railway Finance 7.15% Dec 2034 NCD rated?

Indian Railway Finance 7.15% Dec 2034 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2024-12-31.

Is Indian Railway Finance 7.15% Dec 2034 NCD secured?

Indian Railway Finance 7.15% Dec 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance 7.15% Dec 2034 NCD trade?

Indian Railway Finance 7.15% Dec 2034 NCD is listed on BSE.

What yield does Indian Railway Finance 7.15% Dec 2034 NCD currently offer?

The last recorded trade on 2026-07-23 priced Indian Railway Finance 7.15% Dec 2034 NCD at ₹101.65, implying a yield to maturity of 6.88%.

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