I

Indian Railway Finance 6.78% Apr 2030 NCD

AAA Unsecured NCD

Indian Railway Finance Corporation

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2030

Current YTM
7.15%
Market YTM
Coupon Rate
6.78%
Per annum
Maturity Date
30 Apr 2030
3.7 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.15%
Live, last traded 2026-08-17
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+81 bps
vs 3.7Y G-Sec at 6.34%
Below the median spread for similar-tenor peers
Tenure
3.7 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 Apr 2027
Interest Payment
₹6,780.00 / Bond
28 Apr 2028
Interest Payment
₹6,780.00 / Bond
28 Apr 2029
Interest Payment
₹6,780.00 / Bond
28 Apr 2030
Interest Payment
₹6,780.00 / Bond
30 Apr 2030
Principal Payment
₹100,000.00 / Bond

Next 4 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2025-04-28 Matures 2030-04-30
Key Metrics
Coupon Rate
6.78%
YTM (Annual)
7.15%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
3.7 Years
Advanced metrics
Modified Duration
3.08 Yrs
Macaulay Duration
3.30 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
3.08 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-17
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 3.22 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
2025-04-28
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Indian Railway Finance Corporation issued this rated, ncd (IRFC-6.78%-30-4-30-PVT) carrying a 6.78% p.a. coupon, paid annual. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-17 98.7702 7.1500 None
2026-06-25 98.9739 7.0800 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2025-04-30
Rating Actions History 0
Secondary-Market Trades 2 NSE OTC (WAP) 2026-08-17
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 6.78% Apr 2030 NCD?

Indian Railway Finance 6.78% Apr 2030 NCD carries a coupon of 6.78%, paid annual, on a face value of ₹100,000.

When does Indian Railway Finance 6.78% Apr 2030 NCD mature?

Indian Railway Finance 6.78% Apr 2030 NCD matures on 2030-04-30, 3.7 years from today.

What is Indian Railway Finance 6.78% Apr 2030 NCD rated?

Indian Railway Finance 6.78% Apr 2030 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2025-04-30.

Is Indian Railway Finance 6.78% Apr 2030 NCD secured?

Indian Railway Finance 6.78% Apr 2030 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance 6.78% Apr 2030 NCD trade?

Indian Railway Finance 6.78% Apr 2030 NCD is listed on BSE.

What yield does Indian Railway Finance 6.78% Apr 2030 NCD currently offer?

The last recorded trade on 2026-08-17 priced Indian Railway Finance 6.78% Apr 2030 NCD at ₹98.77, implying a yield to maturity of 7.15%.

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