The Indian Railway Finance Corporation (IRFC) is a government-owned financial institution that issues secured tax-free bonds from January 27 to February 10, 2012, aiming to raise ₹3,000 crores with a potential oversubscription up to ₹6,300 crores. The bonds have credit ratings of AAA and offer attractive tax benefits, including tax-free interest and exemption from wealth tax. The corporation maintains a strong financial profile, including zero non-performing assets and a consistently profitable track record.

1. PUBLIC ISSUE OF SECURED TAX FREE
BONDS BY INDIAN RAILWAY FINANCE
CORPORATION
JANUARY 27’2012 – FEBRUARY 10’2012
Level - 1, Trade Center, Bandra - Kurla
1
Complex, Bandra (E), Mumbai - 51

2. INDIAN RAILWAY
FINANCE CORPORATION
COMPANY PROFILE
• Financing arm of the Indian Railways
• 100% shareholding held by Government of India
• Notified as a Public Financial Institution under Section 4A of the Companies Act, 1956
• Registered as a NBFC-ND-IFC (Infrastructure Finance Company) with Reserve Bank of India
• Consistently profit making Public Sector Undertaking
• Rated „AAA‟ by CRISIL, ICRA and CARE
• “Nil” Non-Performing Assets (as on 30.09.2011)
• Funded rolling stock of book value of Rs. 69,843 Crores (5,567 locomotives, 33,856
passenger coaches and 14,90,300 freight wagons) for Indian Railways (as on 30.09.2011).
• Outstanding leased assets to Ministry of Railways stood at Rs. 43,158.17 Crores
• (as on 31.03.2011), representing 92.44% of its total assets besides investments in fixed
deposits of banks and long term loans to few other entities in railways sector such as
Pipavav Railway, RailTel and RVNL.
• Net worth of Rs 4,487.50 Crores (as on 30.09.2011)
• Net Profit after Tax of Rs. 485.20 Crores for year ended 31.03.2011 compared to Rs. 442.69
Crores for year ended 31.03.2010.
Level - 1, Trade Center, Bandra - Kurla
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Complex, Bandra (E), Mumbai - 51

3. INDIAN RAILWAY
FINANCE CORPORATION
ISSUE STRUCTURE
PARTICULARS DETAILS
Issue Opening Date Friday Jan 27, 2012
Issue Closing Date Friday February 10, 2012
Instrument Tax Free Secured Redeemable Non-
Convertible Bonds in the nature of
Debentures
Issue Size Rs. 3,000 Crores with an option to
retain oversubscription upto the Shelf
Limit (i.e. upto Rs. 6,300 Crores)
Credit Rating CRISIL AAA, CARE AAA, ICRA AAA
Level - 1, Trade Center, Bandra - Kurla
3
Complex, Bandra (E), Mumbai - 51

4. INDIAN RAILWAY
FINANCE CORPORATION
BOND PARTICULARS
PARTICULARS TRANCHE 1 SERIES I TRANCHE 2 SERIES II
Tenor 10 Years 15 Years
Face Value Rs. 1000 Rs. 1000
Minimum Application Rs. 10000 (10 Bonds) Rs. 10000 (10 Bonds)
In Multiples Of Rs. 5000 (5 Bonds) Rs. 5000 (5 Bonds)
Frequency Of Interest Annually Annually
payment
Interest Payment Date Oct 15, every Year Oct 15, every Year
Aggregate Coupon Rate 8.15% 8.30%
Level - 1, Trade Center, Bandra - Kurla
4
Complex, Bandra (E), Mumbai - 51

5. INDIAN RAILWAY
FINANCE CORPORATION
STRENGTHS
• Assures Net Interest Margin
• Zero Non Performing Assets
• Consistent Financial Performance
• Low Cost Of Borrowings
HIGHLIGHTS OF TAX BENEFITS
• Interest on these Bonds shall be exempt from income tax and shall not be
included while computing the total income as per provisions under section
10 (15) (iv) (h) of Income Tax Act, 1961, as amended.
• Since the interest income on these Bonds is exempt from tax, there shall
be no deduction of tax at source.
• Wealth Tax is not levied on investment in Bonds under section 2(ea) of the
Wealth-tax Act, 1957.
Level - 1, Trade Center, Bandra - Kurla
5
Complex, Bandra (E), Mumbai - 51

6. CONTACT US –
Level – 1, Trade Center,
Bandra Kurla Complex,
Bandra (E), Mumbai – 51
5, Prakash Kunj Building,
Sion Trombay Road,
Chembur (E), Mumbai – 71
www.craftwealth.com
Ameet Kankariya - +91 9371822629
ameet.kankariya@craftwealth.com
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7. Level - 1, Trade Center, Bandra - Kurla
7
Complex, Bandra (E), Mumbai - 51