Indian Railway Finance Corporation Limited

About Indian Railway Finance Corporation Limited bond with ISIN: INE053F07BQ1

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE053F07BQ1, represents a significant financial instrument. Issued by INDIAN RAILWAY FINANCE CORPORATION LIMITED, it comes with the following description: "5.75% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC CAPITAL GAIN BONDS. SERIES III. LETTER OF ALLOTMENT. DATE OF MATURITY 31/03/2025". Although the bond is currently marked as inactive, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, INDIAN RAILWAY FINANCE CORPORATION LIMITED, classified as Public Sector Undertaking (PSU), plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U65910DL1986GOI026363 further bolster its credibility. With a coupon rate of 5.75%, this instrument has been meticulously managed with the assistance of KFIN TECHNOLOGIES PRIVATE LIMITED and under the oversight of SBICAP Trustee Company Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 10000 with an issue size of 24.951. It was allotted on 3/31/2020 and is scheduled for redemption on 3/31/2025. Categorized under "-" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AAA as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AAA is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: BONDS WILL BE FULLY SECURED BY PARI PASSU CHARGE ON THE ROLLING STOCK ASSETS OF THE COMPANY IN FAVOUR OF BOND TRUSTEES – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including ICRA LIMITED_07-06-2024, CARE RATINGS LIMITED_05-06-2024, CARE RATINGS LIMITED_27-09-2023, CARE RATINGS LIMITED_14-06-2023, CARE RATINGS LIMITED_02-03-2023, CARE RATINGS LIMITED_02-03-2023, ICRA LIMITED_07-06-2024, ICRA LIMITED_20-06-2023, ICRA LIMITED_20-06-2023. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE053F07DV7 having a coupon rate of 5.25% and the bond with ISIN INE053F07AD1 having a coupon rate of 7.54% and the bond with ISIN INE053F07BW9 having a coupon rate of 7.5% and the bond with ISIN INE053F07CA3 having a coupon rate of 7.08%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.