Indian Railway Finance Corporation Ltd NCD (IRFC NCD Feb 2014) Detail

Feb 28, 2014 - Mar 7, 2014

IRFC is a dedicated financing arm of the Ministry of Railways. Its sole objective is to raise money from the market to part finance the plan outlay of Indian Railways. The money so made available is used for acquisition of rolling stock assets and for meeting other developmental needs of the Indian Railways.

IRFC also makes use of innovative financial instruments to diversify the debt portfolio and to minimize the cost. IRFC’s funding has support technology infusion in the Railways and has enabled Ministry of Railways to purchase new generation Locomotives from General Motors (USA) along with transfer of technology and new generation Coaches from Germany for use in high speed/Shatabdi trains.


These bonds are having coupon rate ranging from 8.19% to 8.88% depending on the category as well as on tenure of the bonds. Category I,II and II (all non-retail) are offered 8.19% for 10 yrs and 8.63% for 15 yrs while retail investors under Category IV are offered 8.44% for 10 yrs and 8.88% for 15 yrs.

IRFC NCD Feb 2014 Detail

Issue OpenFeb 28, 2014 - Mar 7, 2014
Security NameIndian Railway Finance Corporation Ltd
Security Type
Issue Size (Base)Rs 1,500.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot5 NCD
Listing AtBSE, NSE
Credit Rating
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Objects of the Issue:

The funds raised through this Issue will be utilized towards financing the acquisition of rolling stock which will be leased to the MoR in line with present business activities.


These bonds carries ratings as CRISILAAA/Stable' by CRISIL ; '[ICRA] AAA' by ICRA and ;'CARE AAA' by CARE indicating at highest degree of safety regarding timely servicing of financial obligations.

IRFC NCD Feb 2014 Prospectus

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Company Contact Information

Indian Railway Finance Corporation Ltd
UG Floor, East Tower,
NBCC Place, Pragati Vihar,
Lodhi Road, New Delhi -110 003

Phone: +91 11 2436 9766/69

IRFC NCD Feb 2014 Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000

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