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Indian Railway Finance Corporation 6.65% May 2030 NCD (INE053F08502)

CARE AAA / Stable Unsecured NCD

Indian Railway Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2030

165 more bonds from Indian Railway Finance Corporation Limited →
Current YTM
7.82%
Market YTM
Coupon Rate
6.65%
Per annum
Maturity Date
20 May 2030
3.5 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)
7.82%
Last traded 5 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+72 bps
vs 3.5Y G-Sec at 7.10%
Below the median spread for similar-tenor peers
Tenure
3.5 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
14 Aug 20265 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

20 May 2027
Interest Payment
₹6,650.00 / Bond
₹5,985.00 net of 10% TDS (est.)
20 May 2028
Interest Payment
₹6,650.00 / Bond
₹5,985.00 net of 10% TDS (est.)
20 May 2029
Interest Payment
₹6,650.00 / Bond
₹5,985.00 net of 10% TDS (est.)
20 May 2030
Final coupon + principal
₹1,06,650.00 / Bond
₹6,650.00 coupon + ₹1,00,000 face value

4 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 20 May 2025 Matures 20 May 2030

Key Metrics

Coupon Rate
6.65%
YTM (Annual)
7.82%
Credit Rating
AAA
(CARE) · rated 9 Jul 2026, 3 months ago
Remaining Tenure
3.5 Years

AAA (CARE): Rated 9 Jul 2026 (3 months ago).

AAA (CRISIL): Rated 31 May 2025 (17 months ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

With more than one agency, the rating shown at the top is the lowest of those dated within the last 15 months (or the newest, when none is). How we pick it →

Advanced metrics
Modified Duration
2.93 Yrs
Macaulay Duration
3.16 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹1,00,000
1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
2.93 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
5 Nov 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 3.55 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 7 Nov 2026
Instrument Type
NCD
Issue Date
20 May 2025
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Indian Railway Finance Corporation Limited, Indian Railway Finance Corporation 6.65% May 2030 NCD is an unsecured, rated NCD. It pays a 6.65% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

3 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 →
31 May 2025 CRISIL AAA Stable Latest BSE listing
2025 ICRA AAA — NSDL record, 2025 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 INE053F08502: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-05 96.4373 7.8200 —
2026-09-28 96.4699 7.7800 —
2026-09-01 97.2103 7.5200 —
2026-08-21 97.5696 7.4000 —
2026-08-14 98.3483 7.1500 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 3 CARE, CRISIL, ICRA 2026-07-09
Rating Actions History 0 — —
Secondary-Market Trades 5 NSE OTC (WAP) 2026-11-05
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
BSE
Last Updated
7 Nov 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)
₹96,437.30
YTM7.82%
Trade Date 5 Nov 2026 3d ago
SourceNSE OTC (WAP)
Accrued interest (est.)₹3,151.92
Dirty price (est.)₹99,589.22
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE053F08502
Issue Date
20 May 2025
Maturity Date
20 May 2030
Listing
BSE
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Indian Railway Finance Corporation 6.65% May 2030 NCD?

Indian Railway Finance Corporation 6.65% May 2030 NCD carries a coupon of 6.65%, paid annual, on a face value of ₹1,00,000.

When does Indian Railway Finance Corporation 6.65% May 2030 NCD mature?

Indian Railway Finance Corporation 6.65% May 2030 NCD matures on 20 May 2030, 3.5 years from today.

What is Indian Railway Finance Corporation 6.65% May 2030 NCD rated?

Indian Railway Finance Corporation 6.65% May 2030 NCD is rated AAA by CARE (rating dated 9 Jul 2026) and AAA by CRISIL (rating dated 31 May 2025).

Is Indian Railway Finance Corporation 6.65% May 2030 NCD secured?

Indian Railway Finance Corporation 6.65% May 2030 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance Corporation 6.65% May 2030 NCD trade?

Indian Railway Finance Corporation 6.65% May 2030 NCD is listed on BSE.

What yield does Indian Railway Finance Corporation 6.65% May 2030 NCD currently offer?

The last recorded trade on 5 Nov 2026 priced Indian Railway Finance Corporation 6.65% May 2030 NCD at ₹96,437.30 per bond, implying a yield to maturity of 7.82%.

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Comparable NCDs maturing near 2030

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 6.65%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE861G08076Food Corporation of IndiaAAA NSDL record, 20206.65%2030-10-23
INE134E08NR3Power Finance Corporation LimitedAAA6.64%2030-07-15
INE134E08NU7Power Finance Corporation LimitedAAA6.59%2030-10-15
INE103D08021Bharat Sanchar Nigam LimitedAAA6.79%2030-09-23
INE261F08CQ6National Bank for Agriculture and Rural DevelopmentAAA NSDL record, 20206.49%2030-12-30
INE040A08864HDFC Bank LimitedAAA NSDL record, 20236.83%2031-01-08

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