Indian Railway Finance Corporation

Psu · Financial Services

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Methodology v1.0 Download Report (PDF)
Latest Rating
AAA (CRISIL)
Total Debt Outstanding
₹143,690 Cr
Across 62 instruments
Listed Bonds
62
First Issue
2010-05-04
Latest Issue
2025-12-01
Maturity Range
2026 - 2041
Observation
62 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Financial Services
Issuer Type
Psu
First Tracked Bond
2010-05-04
Start of this issuer's debt program timeline
  • 62 active bonds tracked from this issuer.
  • 35 of 60 tracked bonds with a stated security status are secured. (based on 60 bonds with a disclosed security status)

Indian Railway Finance Corporation, a public sector undertaking (PSU) in the financial services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 6.41% - 9.47%, paid annual. Maturities on outstanding bonds fall between 2026 - 2041.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
62
Tracked by RetailBonds
Amount Tracked
₹143,690 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.51%
Range 6.41% - 9.47%
Avg Remaining Tenure
5.1 Yrs
Nearest maturity 2026-10
Secured
58%
35 of 60 bonds with known status
Callable
0
Of 62 bonds
Avg Spread vs G-Sec
+123 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (13 bonds).

0 2026: 3 bonds, ₹4,596 Cr tracked, avg coupon 7.54% 3 2026 2027: 8 bonds, ₹10,072 Cr tracked, avg coupon 7.49% 8 2027 2028: 5 bonds, ₹8,733 Cr tracked, avg coupon 7.87% 5 2028 2029: 13 bonds, ₹31,459 Cr tracked, avg coupon 8.03% 13 2029 2030: 6 bonds, ₹14,990 Cr tracked, avg coupon 7.24% 6 2030 2031: 4 bonds, ₹9,976 Cr tracked, avg coupon 7.42% 4 2031 2032: 3 bonds, ₹6,190 Cr tracked, avg coupon 7.40% 3 2032 2033: 1 bond, ₹2,500 Cr tracked, avg coupon 7.65% 1 2033 2034: 7 bonds, ₹17,768 Cr tracked, avg coupon 7.41% 7 2034 2035: 5 bonds, ₹14,327 Cr tracked, avg coupon 7.01% 5 2035 2036: 1 bond, ₹4,693 Cr tracked, avg coupon 7.03% 1 2036 2039: 1 bond, ₹1,415 Cr tracked, avg coupon 7.15% 1 2039 2040: 3 bonds, ₹13,643 Cr tracked, avg coupon 6.99% 3 2040 2041: 2 bonds, ₹3,330 Cr tracked, avg coupon 7.00% 2 2041

Security Type / Instrument Mix

  • NCD 57 bonds · 92% · ₹142,312 Cr tracked
  • Psu Bond 5 bonds · 8% · ₹1,378 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2010: ₹1,410 Cr issued 2010 2011: ₹1,186 Cr issued 2011 2012: ₹192 Cr issued 2012 2013: ₹793 Cr issued 2013 2014: ₹1,663 Cr issued 2014 2017: ₹9,880 Cr issued 2017 2018: ₹3,000 Cr issued 2018 2019: ₹32,598 Cr issued 2019 2020: ₹21,208 Cr issued 2020 2021: ₹16,183 Cr issued 2021 2022: ₹5,010 Cr issued 2022 2023: ₹8,844 Cr issued 2023 2024: ₹17,960 Cr issued 2024 2025: ₹23,762 Cr issued 2025 Cumulative: ₹1,410 Cr Cumulative: ₹2,596 Cr Cumulative: ₹2,788 Cr Cumulative: ₹3,581 Cr Cumulative: ₹5,244 Cr Cumulative: ₹15,124 Cr Cumulative: ₹18,124 Cr Cumulative: ₹50,723 Cr Cumulative: ₹71,931 Cr Cumulative: ₹88,114 Cr Cumulative: ₹93,125 Cr Cumulative: ₹101,969 Cr Cumulative: ₹119,929 Cr Cumulative: ₹143,690 Cr

Based on 62 of 62 active bonds with a known issue date and issue size.

03 Credit Profile
  • AAA 60 bonds · 97%
  • AA 1 bonds · 2%
  • Unrated 1 bonds · 2%
AgencyRatingOutlookBonds
CRISIL AAA 29
CARE AAA 22
ICRA AAA 22
CRISIL AAA Stable 16
CRISIL AA 1
ICRA A 1

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE053F08312 IRFC-7.41%-15-10-26-PVT 7.41% AAA (CRISIL) 2026-10-15 6.55% 2026-08-18
INE053F09HU6 IRFC-79-7.77%-8-11-26-B-PVT AAA (CRISIL) 2026-11-08 5.40% 2026-08-24
INE053F08338 IRFC-7.68%-24-11-26-PVT 7.68% AAA (CRISIL) 2026-11-24 6.65% 2026-08-11
INE053F07983 IRFC-7.83%-21-03-27-PVT 7.83% AAA (ICRA) 2027-03-21 7.06% 2026-08-26
INE053F07AA7 IRFC-7.49%-30-05-27-PVT 7.49% AAA (CARE) 2027-05-30 7.35% 2026-08-26
INE053F07AB5 IRFC-7.27%-15-6-27-PVT 7.27% AAA (CRISIL) 2027-06-15 7.35% 2026-08-24
INE053F07AC3 IRFC-7.33%-28-8-27-PVT 7.33% AAA (CRISIL) 2027-08-28 7.35% 2026-08-24
INE053F07AD1 IRFC-7.54%-31-10-27-PVT 7.54% AAA (ICRA) 2027-10-31 7.45% 2026-08-12
INE053F09HW2 IRFC-7.38%-81A-26-11-27-B-PVT AAA (ICRA) 2027-11-26
INE053F09HY8 IRFC-82A-7.38%-30-11-27-PVT AAA (CARE) 2027-11-30
INE053F09IA6 IRFC-7.39%-83A-6-12-27-B-PVT AAA (ICRA) 2027-12-06
INE053F08510 IRFC-6.47%-30-05-28-PVT 6.47% AAA (CRISIL) 2028-05-30 7.37% 2026-08-26
INE053F08320 IRFC-7.45%-13-10-28-PVT 7.45% AAA (CRISIL) 2028-10-13
INE053F07629 IRFC-8.48%-21-11-28-B-PVT 8.48% AAA (ICRA) 2028-11-21 5.25% 2026-08-19
INE053F07645 IRFC-8.48%-90-27-11-28-PVT 8.48% AAA (CRISIL) 2028-11-27 5.33% 2026-08-13
INE053F07AY7 IRFC-8.45%-4-12-28-PVT 8.45% AAA (ICRA) 2028-12-04 7.21% 2026-07-23
INE053F07AZ4 IRFC-8.4%-8-1-29-PVT 8.40% AAA (ICRA) 2029-01-08 7.36% 2026-08-20
INE053F07694 IRFC-8.55%-93A-10-2-29-PVT 8.55% AAA (CRISIL) 2029-02-10
INE053F07702 IRFC-8.55%-94A-12-2-29-PVT 8.55% AAA (ICRA) 2029-02-12
INE053F07BA5 IRFC-8.55%-21-2-29-PVT 8.55% AAA (CRISIL) 2029-02-21
INE053F07BC1 IRFC-8.35%-13-3-29-PVT 8.35% AAA (ICRA) 2029-03-13
INE053F07BD9 IRFC-8.30%-25-3-29-PVT 8.30% AAA (CRISIL) 2029-03-25 7.08% 2026-08-07
INE053F07BE7 IRFC-8.23%-29-3-29-PVT 8.23% AAA (CRISIL) 2029-03-29 7.08% 2026-08-07
INE053F08353 IRFC-7.57%-18-4-29-PVT 7.57% AAA (CRISIL) 2029-04-18 7.27% 2026-08-20
INE053F07BR9 IRFC-7.95%-12-6-29-PVT 7.95% AA (CRISIL) 2029-06-12
INE053F08411 IRFC-7.37%-31-7-29-PVT 7.37% AAA (CRISIL) 2029-07-31 7.25% 2026-07-24
INE053F07BU3 IRFC-7.48%-13-8-29-PVT 7.48% AAA (CARE) 2029-08-13 7.29% 2026-08-20
INE053F07BW9 IRFC-7.50%-9-9-29-PVT 7.50% AAA (CARE) 2029-09-09 7.35% 2026-08-20
INE053F07BX7 IRFC-7.55%-6-11-29-PVT 7.55% AAA (CARE) 2029-11-06 7.19% 2026-08-14
INE053F07CA3 IRFC-7.08%-28-2-30-PVT 7.08% AAA (CRISIL) 2030-02-28
INE053F07BY5 IRFC-7.55%-12-4-30-PVT 7.55% AAA (CRISIL) 2030-04-12 7.26% 2026-07-24
INE053F08494 IRFC-6.78%-30-4-30-PVT 6.78% AAA (CRISIL) 2030-04-30 7.15% 2026-08-17
INE053F09GX2 IRFC-8.79%-4-5-30-PVT 8.79% 2030-05-04 7.59% 2026-08-24
INE053F08502 IRFC-6.65%-20-5-30-PVT 6.65% AAA (CRISIL) 2030-05-20 7.40% 2026-08-21
INE053F08528 IRFC-6.58%-30-05-30-PVT 6.58% AAA (CRISIL) 2030-05-30 7.40% 2026-08-26
INE053F07CR7 IRFC-6.41%-11-4-31-PVT 6.41% AAA (CRISIL) 2031-04-11
INE053F09HQ4 IRFC-76B-9.47%-10-05-2031-PVT 9.47% AAA (CARE) 2031-05-10 7.86% 2026-08-26
INE053F08106 IRFC-6.89%-19-7-31-PVT 6.89% AAA (CRISIL) 2031-07-19 7.77% 2026-08-26
INE053F08122 IRFC-6.92%-31-08-31-PVT 6.92% AAA (CRISIL) 2031-08-31 7.24% 2026-07-15
INE053F08163 IRFC-6.87%-14-4-32-PVT 6.87% AAA (CRISIL) 2032-04-14
INE053F08197 IRFC-7.69%-11-10-32-PBVT 7.69% AAA (CRISIL) 2032-10-11
INE053F08221 IRFC-7.65%-30-12-32-PVT 7.65% AAA (CRISIL) 2032-12-30
INE053F08247 IRFC-7.65%-18-4-33-PVT 7.65% AAA (CRISIL) 2033-04-18 7.54% 2026-08-26
INE053F08361 IRFC-7.48%-16-2-34-PVT 7.48% AAA (CRISIL) 2034-02-16
INE053F07BS7 IRFC-7.85%-1-7-34-PVT 7.85% AAA (CRISIL) 2034-07-01
INE053F07BT5 IRFC-7.54%-29-7-34-PVT 7.54% AAA (CRISIL) 2034-07-29 7.56% 2026-08-21
INE053F07BV1 IRFC-7.48%-29-8-34-PVT 7.48% AAA (CRISIL) 2034-08-29 7.35% 2026-07-07
INE053F08429 IRFC-7.25%-29-8-34-PVT 7.25% AAA (CRISIL) 2034-08-29
INE053F08445 IRFC-7.09%-16-12-34-PVT 7.09% AAA (CRISIL) 2034-12-16
INE053F08452 IRFC-7.15%-27-12-34-PVT 7.15% AAA (CRISIL) 2034-12-27 6.88% 2026-07-23
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
76
Avg. Yield (Last 30 Days)
7.06%
06 Regulatory Filings
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 91 2025-12-31
Rating Actions History 0
Secondary-Market Trades 122 2026-08-26
Reg52(4) Payment Disclosures 0

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Indian Railway Finance Corporation have?

Indian Railway Finance Corporation currently has 62 active bonds with coupons 6.41% - 9.47%, maturities spanning 2026 - 2041.

What is Indian Railway Finance Corporation's credit rating?

The most recent rating on Indian Railway Finance Corporation's bonds is AAA (CRISIL), published by CARE, CRISIL, ICRA.

Are Indian Railway Finance Corporation's bonds secured?

Of the 60 bonds with a disclosed security status, 35 are secured (58%) and 25 are unsecured.

When do Indian Railway Finance Corporation's bonds mature?

Indian Railway Finance Corporation's active bonds mature between 2026 - 2041; the nearest matures in 2026-10; the average tenure is 5.1 Yrs.

What is the average coupon on Indian Railway Finance Corporation's bonds?

The average coupon across Indian Railway Finance Corporation's 62 active bonds is 7.51%.

Disclaimer: This page aggregates publicly available data about Indian Railway Finance Corporation for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.