Description

Indian Railway Finance Corporation's zero-coupon debt securities with face value of Rs. 100,000 listed on BSE Debt segment for trading in dematerialized form.

Summary

Indian Railway Finance Corporation has listed new zero-coupon debt securities on BSE’s Debt segment with effect from December 2, 2025. The securities were issued on a private placement basis with a 10-year maturity period. The securities carry triple-A ratings from CARE, CRISIL, and ICRA, and will trade exclusively in dematerialized form.

Key Points

  • Scrip Code: 977334, Scrip ID: 0IRFC35
  • ISIN: INE053F08536
  • Quantity: 298,165 units with market lot of 1
  • Face Value: Rs. 100,000 per unit
  • Issue/Paid-up Price: Rs. 51,780 per unit
  • Zero-coupon bonds (0% interest rate)
  • Date of Allotment: December 1, 2025
  • Redemption Date: December 1, 2035 (10-year tenure)
  • Credit Ratings: CARE AAA/STABLE, CRISIL AAA/STABLE, ICRA AAA/STABLE
  • Tick size: 1 paise
  • No put/call options available

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for newly issued debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE053F08536
  • Members should refer to the Placement Memorandum available at BSE’s debt memorandum section for complete details
  • For clarifications, trading members can contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: December 1, 2025
  • Listing Date: December 2, 2025
  • Redemption Date: December 1, 2035
  • Interest Payment Dates: Not applicable (zero-coupon bonds)

Impact Assessment

This listing has minimal market-wide impact as it pertains to privately placed debt securities in the institutional segment. The zero-coupon structure means investors receive returns through the discount between issue price (Rs. 51,780) and face value (Rs. 100,000) at maturity. The triple-A ratings from three major agencies indicate high credit quality. Impact is limited to debt market participants and institutional investors dealing with IRFC securities.

Impact Justification

Routine listing of privately placed debt securities with limited market-wide impact, affecting only debt segment participants