K
Sovereign SDL

Kerala

Taxable, Redeemable SDL

Browse: bonds maturing in 2038

Current YTM
7.03%
Market YTM
Coupon Rate
7.62%
Per annum
Maturity Date
31 Dec 2038
12.3 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹100
Per Bond
Market Position
YTM (Annual)
7.03%
Live, last traded 2026-07-08
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
12.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-25 2026-07-08
Cashflow Timeline
22 Dec 2026
Interest Payment
₹3.81 / Bond
22 Jun 2027
Interest Payment
₹3.81 / Bond
22 Dec 2027
Interest Payment
₹3.81 / Bond
22 Jun 2028
Interest Payment
₹3.81 / Bond
22 Dec 2028
Interest Payment
₹3.81 / Bond
22 Jun 2029
Interest Payment
₹3.81 / Bond
22 Dec 2029
Interest Payment
₹3.81 / Bond
22 Jun 2030
Interest Payment
₹3.81 / Bond
31 Dec 2038
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: D by CRISIL on 2026-08-18 Rating action: by CRISIL on 2026-06-26 Issued 2023-12-22 Matures 2038-12-31

2 rating actions on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
7.62%
YTM (Annual)
7.03%
Credit Rating
Sovereign
Government of India obligation
Remaining Tenure
12.3 Years
Advanced metrics
Modified Duration
7.94 Yrs
Macaulay Duration
8.22 Yrs
Issue Size
₹20 Cr
Minimum Investment
₹100
(1 Bond)
Market Characteristics
Modified Duration
7.94 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
2026-07-08
NSE
Trades (30 Days)
0
Exchange-reported sessions
Security Status
No call option
Observations
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 0.20 percentage points above the median for tracked SDL bonds. (based on 2795 tracked SDL bonds with a stated coupon)
Structured Overview Data as of 28 Aug 2026
Issuer
Instrument Type
SDL
Issue Date
2023-12-22
Day Count Convention
30/360
Listed Exchange
NSE
Call / Put Option
None disclosed

Issued by Kerala, 762KL38 is a sdl paying a 7.62% p.a. coupon semi annual. The instrument repays principal on maturity.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-08-18 CRISIL Reaffirm D View →
2026-06-26 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-08 104.8000 7.0343 None
2026-07-07 104.8000 7.0344 None
2026-07-06 104.8000 7.0345 None
2026-07-03 104.8000 7.0347 None
2026-07-02 104.8000 7.0350 None
2026-07-01 104.8000 7.0351 None
2026-06-30 104.8000 7.0353 None
2026-06-29 104.8000 7.0364 None
2026-06-25 104.8000 7.0354 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 0
Rating Actions History 2 2026-08-18
Secondary-Market Trades 9 NSE 2026-07-08
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 Kerala SDL 7.62% 2038?

Kerala SDL 7.62% 2038 carries a coupon of 7.62%, paid semi annual, on a face value of ₹100.

When does Kerala SDL 7.62% 2038 mature?

Kerala SDL 7.62% 2038 matures on 2038-12-31, 12.3 years from today.

Where does Kerala SDL 7.62% 2038 trade?

Kerala SDL 7.62% 2038 is listed on NSE.

What yield does Kerala SDL 7.62% 2038 currently offer?

The last recorded trade on 2026-07-08 priced Kerala SDL 7.62% 2038 at ₹104.80, implying a yield to maturity of 7.03%.

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Kerala 6.72% Dec 2027 SDL
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Maturity
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Coupon
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Maturity
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6
Kerala 6.17% Dec 2027 SDL
Coupon
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Maturity
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Kerala 6.73% Dec 2028 SDL
Coupon
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Maturity
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