Indian Railway Finance Corporation Limited bonds IRFC.NS
Who owns Indian Railway Finance Corporation Limited's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. IRFC.NS stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| AQ2327908 | 3.84% fixed | 2027-12-13 | USD | 98.58 | 4.93% | 81 bp | 4 | $2.2M | Jul 2026 |
| INE053F07AY7 | 8.45% fixed | 2028-12-04 | INR | 102.32 | 7.35% | — | 1 | $536K | Jul 2026 |
| 45434L2A1 | 3.249% fixed | 2030-02-13 | USD | 93.56 | 5.27% | 99 bp | 1 | $234K | Jul 2026 |
| 45434M2A9 | 3.25% fixed | 2030-02-13 | USD | 93.62 | 5.25% | 97 bp | 3 | $1.3M | Jul 2026 |
| 45434L2C7 | 2.8% fixed | 2031-02-10 | USD | 89.87 | 5.35% | 104 bp | 1 | $17.4M | Jul 2026 |
| 45434M2C5 | 2.8% fixed | 2031-02-10 | USD | 89.89 | 5.34% | 103 bp | 4 | $10.2M | Jul 2026 |
| 45434L2H6 | 3.57% fixed | 2032-01-21 | USD | 91.60 | 5.36% | 100 bp | 4 | $8.9M | Jul 2026 |
| 45434M2H4 | 3.57% fixed | 2032-01-21 | USD | 91.92 | 5.29% | 93 bp | 3 | $2.0M | Jul 2026 |
| 45434M2B7 | 3.95% fixed | 2050-02-13 | USD | 73.16 | 6.12% | 101 bp | 1 | $293K | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 9 | $43.1M | 91.92 | 5.32% | 100 bp | 4 |
| Jun 2026 | 4 | $22.7M | 91.96 | 5.02% | 82 bp | 5 |
| May 2026 | 6 | $13.1M | 92.38 | 4.89% | 72 bp | 4 |
| Apr 2026 | 9 | $43.8M | 93.77 | 4.81% | 87 bp | 4 |
| Mar 2026 | 5 | $23.8M | 93.70 | 4.81% | 96 bp | 6 |
| Feb 2026 | 6 | $13.4M | 94.61 | 4.34% | 65 bp | 4 |
| Jan 2026 | 9 | $43.4M | 94.64 | 4.61% | 83 bp | 4 |
| Dec 2025 | 5 | $26.1M | 94.83 | 4.53% | 81 bp | 7 |
| Nov 2025 | 6 | $13.1M | 93.82 | 4.46% | 76 bp | 3 |
| Oct 2025 | 9 | $43.6M | 95.15 | 4.48% | 87 bp | 5 |
| Sep 2025 | 5 | $26.0M | 94.91 | 4.51% | 88 bp | 7 |
| Aug 2025 | 7 | $20.6M | 94.62 | 4.52% | 68 bp | 3 |
| Jul 2025 | 9 | $42.3M | 92.48 | 4.86% | 85 bp | 5 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 4 added, 0 cut, 0 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| MFS Emerging Markets Debt Fund MFS SERIES TRUST X | 2026-07-31 | $29.2M | $26.2M | $0 |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $7.8M | $7.2M | $0 |
| Columbia Strategic Income Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $7.0M | $6.4M | $0 |
| Nuveen Core Bond Fund TIAA-CREF Funds | 2026-06-30 | $5.4M | $4.9M | $0 |
| College Retirement Equities Fund - Core Bond Account College Retirement Equities Fund | 2026-06-30 | $4.3M | $3.9M | $0 |
| AST PGIM Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $3.7M | $3.4M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $3.2M | $2.9M | $400K |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $3.0M | $2.7M | $0 |
| Nuveen Core Plus Bond Fund TIAA-CREF Funds | 2026-06-30 | $3.0M | $2.7M | $0 |
| iShares USD Green Bond ETF iShares Trust | 2026-07-31 | $2.4M | $2.3M | $70K |
| PIMCO Investment Grade Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $2.4M | $2.2M | $0 |
| MFS Global Opportunistic Bond Fund MFS Series Trust X | 2026-05-31 | $1.9M | $1.7M | $0 |
| College Retirement Equities Fund - Inflation-Linked Bond Account College Retirement Equities Fund | 2026-06-30 | $1.5M | $1.4M | $0 |
| MFS Diversified Income Fund MFS Series Trust XIII | 2026-05-31 | $1.4M | $1.2M | $0 |
| PGIM Short Duration Multi-Sector Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $1.2M | $1.1M | $0 |
| Multi-Manager Total Return Bond Strategies Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $1.1M | $1.0M | $0 |
| Strategic Advisers Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $1.0M | $944K | $0 |
| iShares J.P. Morgan EM Corporate Bond ETF iShares, Inc. | 2026-07-31 | $1.0M | $913K | $0 |
| iShares Core 1-5 Year USD Bond ETF iShares Trust | 2026-07-31 | $800K | $752K | $200K |
| MFS CHARTER INCOME TRUST | 2026-05-31 | $800K | $731K | $0 |
| VanEck Green Bond ETF VanEck ETF Trust | 2026-07-31 | $650K | $625K | $200K |
| ABRDN ASIA-PACIFIC INCOME FUND, INC. | 2026-07-31 | $50.0M | $536K | $0 |
| PSF PGIM Total Return Bond Portfolio Prudential Series Fund | 2026-06-30 | $480K | $446K | $0 |
| Global Bond Fund GuideStone Funds | 2026-06-30 | $419K | $381K | $0 |
| MFS GOVERNMENT MARKETS INCOME TRUST | 2026-05-31 | $376K | $344K | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Muzinich Dynamic Income Fund ($850K), MFS MULTIMARKET INCOME TRUST ($700K), Nuveen Multi-Asset Income Fund ($200K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 5 | $3.2M | $2.9M | 0.01% |
| BGRN iShares USD Green Bond ETF | 2026-07-31 | 2 | $2.4M | $2.3M | 0.46% |
| CEMB iShares J.P. Morgan EM Corporate Bond ETF | 2026-07-31 | 3 | $1.0M | $913K | 0.23% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 3 | $800K | $752K | 0.01% |
| GRNB VanEck Green Bond ETF | 2026-07-31 | 2 | $650K | $625K | 0.34% |
| UNIY WisdomTree VOYA Yield Enhanced USD Universal Bond Fund | 2026-05-31 | 1 | $200K | $198K | 0.02% |
| GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 2026-05-31 | 1 | $200K | $187K | 0.55% |
| ILTB iShares Core 10+ Year USD Bond ETF | 2026-05-31 | 1 | $200K | $155K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 100 bp spread prices in about 1.7% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.