Tax- Free Bond IRFC Limited Tranche-II

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Issuer	INDIAN RAILWAY FINANCE CORPORATION LIMITED
Issue Size	Rs. 500 Cr with an option to retain over subscription up to Rs. 1,950 Crs aggregating upto Rs. 2,450 Cr
Issue opens	March 10, 2016
Issue closes	March 14, 2016
Allotment	First Come First Serve Basis
Face Value	Rs. 1000 per Bond
Issue Price	Rs. 1000 per Bond
Nature of Instrument	Tax-free secured redeemable and non-convertible
Minimum Application	5 Bonds (Rs. 5,000) (individually or collectively, across all Series of Bonds) and in the multiple of One Bond(Rs. 1,000) thereafter
Listing	BSE / NSE
Rating	"CRISIL AAA / Stable" by CRISIL, "ICRA AAA" by ICRA , “CARE AAA” by CARE
NRI	NRIs can invest

SPECIFIC TERMS FOR EACH SERIES OF BONDS

Options	Option 1	Option 2
Frequency of interest payment	Annual	Annual
Tenure of Bonds	10 years	15 years
Maturity/Redemption Date	10 years from Deemed Date of Allotment	15 years from Deemed Date of Allotment
Coupon Rates for Category I, II and III#
Series of Bonds	Tranche II Series IA	Tranche II Series II A
Coupon Rate (%) p.a.	7.04%	7.35%
Annualized Yield (%) p.a.	7.04%	7.35%
Coupon Rates for Category IV#
Series of Bonds	Tranche II Series IB	Tranche II Series IIB
Coupon Rate (%) per annum	7.29%	7.64%
Annualized Yield (%) p.a.	7.29%	7.64%

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