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Indian Railway Finance Corporation Ltd NCD (Indian Railway Finance Corporation Ltd NCD) Detail

Jan 6, 2014 - Jan 20, 2014
Indian Railway Finance Corporation Ltd Logo

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.

Offerings


This PSU is coming out with a tax free bonds offer of Rs. 1500 crore with a total size of Rs. 8663 crore (including green shoe option of Rs. 7163 crore). The Secured Redeemable Non-Convertible Bonds are having a face value of Rs. 1000 each and minimum application is to be made for 5 bonds and in multiples of 1 bond thereafter. Although the bonds will be available in demat and physical mode, the trading will take place in demat mode only. The coupon rate is between 8.23% to 8.65% depending on the category and the term of 10 or 15 years.

Indian Railway Finance Corporation Ltd NCD Detail

Issue Open Jan 6, 2014 - Jan 20, 2014
Security Name Indian Railway Finance Corporation Ltd
Security Type
Issue Size (Base) Rs 1,500.00 Crores
Issue Size (Shelf) Rs [.] Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 5 NCD
Market Lot 5 NCD
Listing At BSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

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.

Ratings

These Bonds are rates AAA by CRISIL, ICRA and CARE indicating highest degree of safety regarding timely servicing of financial obligations.

Useful Links

  • Indian Railway Finance NCD - Review by Dilip Davda
  • Indian Railway Finance Corporation Ltd NCD 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
    Email: gma@irfc.nic.in
    Website: http://www.irfc.nic.in

    Indian Railway Finance Corporation Ltd NCD Registrar

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

    Phone: 04067162222, 04079611000
    Email: irfc.bonds@karvy.com
    Website: https://karisma.kfintech.com/


    1 Comments

    1. Ankit vip  Dec 23, 2015 16:36
    When IRFC bond will list