Market closed today (Weekend) · Prices and yields as of last trading day, 28 Aug 2026
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Indian Railway Finance ZC Dec 2035 NCD

AAA Unsecured NCD

Indian Railway Finance Corporation

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

Current YTM
6.83%
Market YTM
Coupon Rate
Per annum
Maturity Date
01 Dec 2035
9.3 Yrs to Maturity
Interest Payment
At Maturity
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
6.83%
Live, last traded 2026-08-11
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+63 bps
vs 9.3Y G-Sec at 6.20%
Below the median spread for similar-tenor peers
Tenure
9.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-28 2026-08-11
Cashflow Timeline

Single payment at maturity

Zero-coupon / bullet bond — principal repaid on 2035-12-01.
Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2025-12-01 Matures 2035-12-01
Key Metrics
Coupon Rate
YTM (Annual)
6.83%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
9.3 Years
Advanced metrics
Modified Duration
Macaulay Duration
Issue Size
₹2,982 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
Price sensitivity per 1% yield move
Payment Frequency
At Maturity
Last Trade
2026-08-11
BSE
Trades (30 Days)
6
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 6 secondary-market trades recorded in the last 30 days.
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2025-12-01
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Indian Railway Finance Corporation issued this rated, ncd (0IRFC-ZC-1-12-35-PVT) carrying a 0.00% p.a. coupon, paid at maturity. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-11 54.0500 6.8300 1
2026-08-10 54.2800 6.7800 1
2026-08-06 54.0800 6.8200 3
2026-08-05 53.6600 6.9000 4
2026-07-31 53.8487 6.8550 1
2026-07-30 53.8389 6.8500 2
2026-07-28 53.7375 6.8700 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-12-31
Rating Actions History 0
Secondary-Market Trades 7 BSE 2026-08-11
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
When does Indian Railway Finance ZC Dec 2035 NCD mature?

Indian Railway Finance ZC Dec 2035 NCD matures on 2035-12-01, 9.3 years from today.

What is Indian Railway Finance ZC Dec 2035 NCD rated?

Indian Railway Finance ZC Dec 2035 NCD is rated AAA by CRISIL. As of 2025-12-31.

Is Indian Railway Finance ZC Dec 2035 NCD secured?

Indian Railway Finance ZC Dec 2035 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Indian Railway Finance ZC Dec 2035 NCD trade?

Indian Railway Finance ZC Dec 2035 NCD is listed on BSE.

What yield does Indian Railway Finance ZC Dec 2035 NCD currently offer?

The last recorded trade on 2026-08-11 priced Indian Railway Finance ZC Dec 2035 NCD at ₹54.05, implying a yield to maturity of 6.83%.

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