G
Sovereign G-Sec

Government of India

Taxable, Redeemable G SEC

Browse: bonds maturing in 2032

Current YTM
6.43%
Market YTM
Coupon Rate
6.54%
Per annum
Maturity Date
31 Dec 2032
6.3 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹100
Per Bond
Market Position
YTM (Annual)
6.43%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
Sovereign obligation — this bond is a G-Sec benchmark itself
Tenure
6.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-07 2026-08-26
Cashflow Timeline
18 Jan 2027
Interest Payment
₹3.27 / Bond
18 Jul 2027
Interest Payment
₹3.27 / Bond
18 Jan 2028
Interest Payment
₹3.27 / Bond
18 Jul 2028
Interest Payment
₹3.27 / Bond
18 Jan 2029
Interest Payment
₹3.27 / Bond
18 Jul 2029
Interest Payment
₹3.27 / Bond
18 Jan 2030
Interest Payment
₹3.27 / Bond
18 Jul 2030
Interest Payment
₹3.27 / Bond
31 Dec 2032
Principal Payment
₹100.00 / Bond

Next 8 coupons + principal at maturity · per ₹100 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Reaffirmed: AAA by CRISIL on 2026-08-04 Issued 2022-01-18 Matures 2032-12-31

1 rating action on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
6.54%
YTM (Annual)
6.43%
Credit Rating
Sovereign
Government of India obligation
Remaining Tenure
6.3 Years
Advanced metrics
Modified Duration
5.08 Yrs
Macaulay Duration
5.24 Yrs
Issue Size
₹1,560 Cr
Minimum Investment
₹100
(1 Bond)
Market Characteristics
Modified Duration
5.08 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
2026-08-26
NSE
Trades (30 Days)
15
Exchange-reported sessions
Security Status
No call option
Observations
  • 15 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.62 percentage points below the median for tracked G-Sec bonds. (based on 119 tracked G-Sec bonds with a stated coupon)
Structured Overview Data as of 28 Aug 2026
Instrument Type
G SEC
Issue Date
2022-01-18
Day Count Convention
30/360
Listed Exchange
NSE
Call / Put Option
None disclosed

Issued by Government of India, 654GS2032 is a g sec paying a 6.54% p.a. coupon semi annual. The instrument repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-04 CRISIL Reaffirm AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-26 100.5500 6.4286 1
2026-08-21 99.3000 6.6723 14150
2026-08-20 99.5100 6.6312 1
2026-08-18 99.5000 6.6331 9807
2026-08-14 100.0000 6.5357 10660
2026-08-13 100.0000 6.5358 20
2026-08-12 100.9000 6.3622 27723
2026-08-11 100.0000 6.5358 15000
2026-08-10 100.9000 6.3623 503
2026-08-07 101.0000 6.3435 3000
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 0
Rating Actions History 1 2026-08-04
Secondary-Market Trades 10 NSE 2026-08-26
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
rbi_dbie_backfill
Last Updated
28 Aug 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions
What is the coupon rate on GoI 6.54% 2032?

GoI 6.54% 2032 carries a coupon of 6.54%, paid semi annual, on a face value of ₹100.

When does GoI 6.54% 2032 mature?

GoI 6.54% 2032 matures on 2032-12-31, 6.3 years from today.

Where does GoI 6.54% 2032 trade?

GoI 6.54% 2032 is listed on NSE.

What yield does GoI 6.54% 2032 currently offer?

The last recorded trade on 2026-08-26 priced GoI 6.54% 2032 at ₹100.55, implying a yield to maturity of 6.43%.

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