Market closed today (Weekend) · Prices and yields as of last trading day, 06 Nov 2026
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K

Kerala 7.81% 15 Apr 2037 SDL (IN2020260021)

Sovereign SDL

Kerala

Taxable, Redeemable SDL

Browse: bonds maturing in 2037

216 more bonds from Kerala →
Current YTM
—
No current market yield
Coupon Rate
7.81%
Per annum
Maturity Date
15 Apr 2037
10.4 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹100
Per Bond

Market Position

YTM (Annual)
—
No trade in the last 30 days, so the last traded yield is not shown as current. Last trade 19 Aug 2026.
Latest RBI auction cut-off yield: 7.75% (9 Jun 2026), an auction result, not a market yield. Auctions ↓
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
—
Sovereign obligation — this bond is a G-Sec benchmark itself
Tenure
10.4 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
5 Aug 202619 Aug 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

15 Apr 2027
Interest Payment
₹3.90 / Bond
15 Oct 2027
Interest Payment
₹3.90 / Bond
15 Apr 2028
Interest Payment
₹3.90 / Bond
15 Oct 2028
Interest Payment
₹3.90 / Bond
15 Apr 2029
Interest Payment
₹3.90 / Bond
15 Oct 2029
Interest Payment
₹3.90 / Bond
15 Apr 2030
Interest Payment
₹3.90 / Bond
15 Oct 2030
Interest Payment
₹3.90 / Bond
…
+12 more coupons until 15 Oct 2036
₹3.90 each / Bond
15 Apr 2037
Final coupon + principal
₹103.90 / Bond
₹3.90 coupon + ₹100 face value

21 coupons remaining, the last paid with principal at maturity · per ₹100 face value · projected dates

RBI Auctions of This Security

3 auctions

From RBI's published State Government Securities auction results. A cut-off yield is the highest yield RBI accepted in that auction, on that date; it is not the yield at which the bond trades today.

AuctionTypeCut-off yieldWeighted avg. yieldCut-off priceNotified (₹ cr)Accepted (₹ cr)
9 Jun 2026 Re-issue 7.7485% 7.7403% 100.43 1,000 1,000
12 May 2026 Re-issue 7.7949% 7.7949% 100.10 1,000 1,000
13 Apr 2026 New issue 7.8100% 7.8017% 100.00 1,000 1,000

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 15 Apr 2026 Matures 15 Apr 2037

Key Metrics

Coupon Rate
7.81%
YTM (Annual)
—
Credit Rating
Sovereign
Government of India obligation
Remaining Tenure
10.4 Years
Advanced metrics
Modified Duration
7.01 Yrs
Macaulay Duration
7.29 Yrs
Issue Size
₹30 Cr
Face Value
₹100
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
7.01 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
19 Aug 2026
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 0.44 percentage points above the median for tracked SDL bonds. (based on 5,290 tracked SDL bonds with a stated coupon)

Structured Overview

Data as of 7 Nov 2026
Issuer
Instrument Type
SDL
Issue Date
15 Apr 2026
Day Count Convention
30/360
Listed Exchange
NSE
Call / Put Option
None disclosed

Issued by Kerala, Kerala 7.81% 15 Apr 2037 SDL is an SDL. It pays a 7.81% p.a. coupon, semi-annually. Principal is repaid at maturity.

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →
Alert me about Kerala An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for IN2020260021: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-08-19 97.2699 8.1967 200
2026-08-11 92.6834 8.8819 400
2026-08-10 97.4051 8.1764 400
2026-08-07 92.7702 8.8678 100
2026-08-05 92.6136 8.8915 300

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 0 — —
Rating Actions History 0 — —
Secondary-Market Trades 5 NSE 2026-08-19
Reg52(4) Payment Disclosures 0 — —
  • No trade in the last 30 days, so the last traded yield is not shown as current.

Documents

No source documents linked for this security yet.

Entity metadata
Source
RBI (DBIE)
Last Updated
7 Nov 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.

Current Price (Clean)
₹97.27
YTM—
Trade Date 19 Aug 2026 81d ago
SourceNSE
Accrued interest (est.)₹0.52
Dirty price (est.)₹97.79
Calculate YTM for this bond
Bond Snapshot
ISIN
IN2020260021
Issue Date
15 Apr 2026
Maturity Date
15 Apr 2037
Listing
NSE
Payment Frequency
Semi Annual
Put / Call Option
None disclosed
Security
—
Day Count
30/360
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Frequently Asked Questions
What is the coupon rate on Kerala 7.81% 15 Apr 2037 SDL?

Kerala 7.81% 15 Apr 2037 SDL carries a coupon of 7.81%, paid semi annual, on a face value of ₹100.

When does Kerala 7.81% 15 Apr 2037 SDL mature?

Kerala 7.81% 15 Apr 2037 SDL matures on 15 Apr 2037, 10.4 years from today.

Where does Kerala 7.81% 15 Apr 2037 SDL trade?

Kerala 7.81% 15 Apr 2037 SDL is listed on NSE.

More Bonds from This Issuer

K
Kerala 7.38% Nov 2026 SDL
IN2020160106
Coupon
7.38%
Maturity
09 Nov 2026
K
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IN2020160114
Coupon
6.85%
Maturity
23 Nov 2026
K
Kerala 7.29% Dec 2026 SDL
IN2020160122
Coupon
7.29%
Maturity
28 Dec 2026
K
Kerala 7.15% Jan 2027 SDL
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Coupon
7.15%
Maturity
11 Jan 2027
Compare (/) Compare Bonds

Comparable SDLs maturing near 2037

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.81%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
IN2820230232Punjab—7.79%2038-01-03
IN2820220027Punjab—7.76%2037-05-11
IN2820230174Punjab—7.75%2036-10-11
IN3120260051Tamil Nadu—7.74%2036-06-03
IN3120260028Tamil Nadu—7.73%2036-05-06
IN1920230159Karnataka—7.68%2037-12-27

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