Listed bonds, government securities, treasury bills, state loans and sovereign gold bonds: the terms, the last trade and the yield it implies, the agencies' ratings, the issuer's own numbers. Facts and arithmetic; no orders are placed here.
ISIN INE053F07744 · non-convertible debenture, secured, senior, tax-free · issuer Indian Railway Finance Corporation (IRFC) → · NSE IRFC series NE · BSE 935104 · the terms and trades are illustrative: sample values shaped like the real thing, not data Artha holds
Thinly traded: 1 session out of 30, ₹1.41 L in all. The yield above is what one trade of 120 units implied on 23 Sep 2026; a larger order would not necessarily fill near it.
Terms
from the depository record, refreshed 21 Sep 2026
Pays 7.35% a year, yearly on 22 March, until 22 Mar 2031. Secured against the issuer's rolling-stock lease receivables, senior. Rated AAA (Stable) by CRISIL, affirmed 8 Apr 2026, and [ICRA]AAA (Stable) by ICRA. Face value ₹1,000, issued 22 Mar 2016 in a public issue under section 10(15)(iv)(h); no put, no call. Debenture trustee: SBICAP Trustee.
Coupon 7.35% · frequency 1 · day count actual/actual · issue 22 Mar 2016 · maturity 22 Mar 2031 · face ₹1,000 · put/call none · seniority senior · secured yes · rating AAA / CRISIL / 8 Apr 2026 · exchanges NSE, BSE · series NE, 935104
Cash-flow schedule: every coupon and the principal as a chart and a table, the member's units when held, the tax line as the rules stand — coming soon
Against the curve
FBIL par yields, 23 Sep 2026
G-sec parAAA medianthis bond
This bond, 4.5 years to maturity
4.02%
G-sec of the same maturity (FBIL, interpolated)
6.15%
Spread the market charges for this issuer
−213 bps
Median of AAA NCDs traded this month, 4 to 5 years
6.86%
This bond against that median
−284 bps
Yield at each of the last 1 trades
exchange and reported OTC · six months
Rating history: every action in the agency's words with the rationale linked; no Artha label — coming soon
The issuer's numbers from the stock page: interest coverage, debt to equity, cash from operations against interest paid, loan-book growth, listed debt, pledge, forensic checks, results due, the government's holding for a public-sector issuer — coming soon
Where to buy, all outside Artha: RBI Retail Direct for sovereigns, the member's broker for listed paper with the exchange series shown, SEBI's list of bond platforms; Artha places no orders — coming soon