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Indian Railway Finance Corporation ZC Dec 2035 NCD (INE053F08536)

CRISIL AAA Unsecured NCD

Indian Railway Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

165 more bonds from Indian Railway Finance Corporation Limited →
Current YTM
7.10%
Market YTM
Coupon Rate
—
Not disclosed
Maturity Date
01 Dec 2035
9.1 Yrs to Maturity
Interest Payment
At Maturity
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)
7.10%
Last traded 6 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
-19 bps
vs 9.1Y G-Sec at 7.29%
Below the median spread for similar-tenor peers
Tenure
9.1 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
10 Aug 20266 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

Single payment at maturity

Zero-coupon bond — due on 1 Dec 2035.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 1 Dec 2025 Matures 1 Dec 2035

Key Metrics

Coupon Rate
—
YTM (Annual)
7.10%
Credit Rating
AAA
(CRISIL) · rated 31 Dec 2025, 10 months ago
Remaining Tenure
9.1 Years

AAA (CRISIL): Rated 31 Dec 2025 (10 months ago).

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

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
—
Macaulay Duration
—
Issue Size
₹2,982 Cr
Minimum Investment
₹1,00,000
1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
—
Price sensitivity per 1% yield move
Payment Frequency
At Maturity
Last Trade
6 Nov 2026
NSE OTC (WAP)
Trades (30 Days)
7
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • 7 secondary-market trades recorded in the last 30 days.

Structured Overview

Data as of 7 Nov 2026
Instrument Type
NCD
Issue Date
1 Dec 2025
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Indian Railway Finance Corporation Limited issued Indian Railway Finance Corporation ZC Dec 2035 NCD, an unsecured, rated NCD. It is a zero-coupon bond: it pays no interest before maturity. Principal is repaid at maturity.

Rating Timeline

2 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 Dec 2025 CRISIL AAA — Latest BSE listing
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 INE053F08536: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-06 53.6953 7.1000 —
2026-11-05 52.6900 7.3235 1
2026-11-02 53.1410 7.2114 —
2026-10-30 54.6500 6.8705 3
2026-10-29 52.6094 7.3203 2
2026-10-28 52.8837 7.2573 1
2026-10-27 54.3700 6.9300 2
2026-09-15 53.1400 7.1000 1
2026-08-11 54.0500 6.8300 1
2026-08-10 54.2800 6.7800 1

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2026-07-09
Rating Actions History 0 — —
Secondary-Market Trades 10 NSE OTC (WAP) 2026-11-06
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)
₹53,695.30
YTM7.10%
Trade Date 6 Nov 2026 2d ago
SourceNSE OTC (WAP)
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE053F08536
Issue Date
1 Dec 2025
Maturity Date
1 Dec 2035
Listing
BSE
Payment Frequency
At Maturity
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
When does Indian Railway Finance Corporation ZC Dec 2035 NCD mature?

Indian Railway Finance Corporation ZC Dec 2035 NCD matures on 1 Dec 2035, 9.1 years from today.

What is Indian Railway Finance Corporation ZC Dec 2035 NCD rated?

Indian Railway Finance Corporation ZC Dec 2035 NCD is rated AAA by CRISIL (rating dated 31 Dec 2025) and AAA by CARE (rating dated 9 Jul 2026).

Is Indian Railway Finance Corporation ZC Dec 2035 NCD secured?

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

Where does Indian Railway Finance Corporation ZC Dec 2035 NCD trade?

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

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

The last recorded trade on 6 Nov 2026 priced Indian Railway Finance Corporation ZC Dec 2035 NCD at ₹53,695.30 per bond, implying a yield to maturity of 7.10%.

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