I

Indian Railway Finance 7.28% Feb 2040 NCD

AAA / Stable Unsecured NCD

Indian Railway Finance Corporation

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2040

Current YTM
No live YTM available
Coupon Rate
7.28%
Per annum
Maturity Date
14 Feb 2040
13.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual) EST
~7.28%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+37 bps
vs 13.5Y G-Sec at 6.91% *
Below the median spread for similar-tenor peers
Tenure
13.5 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
14 Feb 2027
Interest Payment
₹7,280.00 / Bond
14 Feb 2028
Interest Payment
₹7,280.00 / Bond
14 Feb 2029
Interest Payment
₹7,280.00 / Bond
14 Feb 2030
Interest Payment
₹7,280.00 / Bond
14 Feb 2031
Interest Payment
₹7,280.00 / Bond
14 Feb 2032
Interest Payment
₹7,280.00 / Bond
14 Feb 2033
Interest Payment
₹7,280.00 / Bond
14 Feb 2034
Interest Payment
₹7,280.00 / Bond
14 Feb 2040
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 2025-02-14 Matures 2040-02-14
Key Metrics
Coupon Rate
7.28%
YTM (Annual)
Credit Rating
AAA
(CRISIL)
Remaining Tenure
13.5 Years
Advanced metrics
Modified Duration
8.10 Yrs
Macaulay Duration
8.68 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
8.10 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
No recorded trades
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 2.72 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
2025-02-14
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Indian Railway Finance Corporation, IRFC-7.28%-14-2-40-PVT is a rated, ncd paying a 7.28% p.a. coupon annual. The instrument repays principal on maturity.

Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2025-02-28
Rating Actions History 0
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 0
  • No secondary-market trades recorded — YTM figures use the coupon rate as a proxy.
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 7.28% Feb 2040 NCD?

Indian Railway Finance 7.28% Feb 2040 NCD carries a coupon of 7.28%, paid annual, on a face value of ₹100,000.

When does Indian Railway Finance 7.28% Feb 2040 NCD mature?

Indian Railway Finance 7.28% Feb 2040 NCD matures on 2040-02-14, 13.5 years from today.

What is Indian Railway Finance 7.28% Feb 2040 NCD rated?

Indian Railway Finance 7.28% Feb 2040 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2025-02-28.

Is Indian Railway Finance 7.28% Feb 2040 NCD secured?

Indian Railway Finance 7.28% Feb 2040 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance 7.28% Feb 2040 NCD trade?

Indian Railway Finance 7.28% Feb 2040 NCD is listed on BSE.

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