Happy Diwali from all of us at RetailBonds
P

Punjab 7.54% 23 Sep 2031 SDL (IN2820260106)

Sovereign SDL

Punjab

Taxable, Redeemable SDL

Punjab 7.54% 23 Sep 2031 SDL (IN2820260106) has a coupon of 7.54%, paid semi-annually, and matures on 23 Sep 2031. It is a state government security (State Development Loan). It last traded on 9 Nov 2026 at ₹95.32 (clean), a yield to maturity of 8.74%.

Browse: bonds maturing in 2031

191 more bonds from Punjab →
Current YTM
8.74%
Market YTM
Coupon Rate
7.54%
Per annum
Maturity Date
23 Sep 2031
4.9 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹100
Per Bond

Market Position

YTM (Annual)
8.74%
Last traded 9 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.23%
Reference point, not this bond's tenor
Spread over G-Sec
—
Sovereign obligation — this bond is a G-Sec benchmark itself
Tenure
4.9 Years
Remaining to maturity

Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

23 Mar 2027
Interest Payment
₹3.77 / Bond
23 Sep 2027
Interest Payment
₹3.77 / Bond
23 Mar 2028
Interest Payment
₹3.77 / Bond
23 Sep 2028
Interest Payment
₹3.77 / Bond
23 Mar 2029
Interest Payment
₹3.77 / Bond
23 Sep 2029
Interest Payment
₹3.77 / Bond
23 Mar 2030
Interest Payment
₹3.77 / Bond
23 Sep 2030
Interest Payment
₹3.77 / Bond
…
+1 more coupon until 23 Mar 2031
₹3.77 each / Bond
23 Sep 2031
Final coupon + principal
₹103.77 / Bond
₹3.77 coupon + ₹100 face value

10 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)
3 Nov 2026 Re-issue 7.9104% 7.8851% 98.51 500 500
6 Oct 2026 Re-issue — — — 500 0
22 Sep 2026 New issue 7.5400% 7.5158% 100.00 500 500

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 23 Sep 2026 Matures 23 Sep 2031

Key Metrics

Coupon Rate
7.54%
YTM (Annual)
8.74%
Credit Rating
Sovereign
Government of India obligation
Remaining Tenure
4.9 Years
Advanced metrics
Modified Duration
3.93 Yrs
Macaulay Duration
4.10 Yrs
Issue Size
₹10 Cr
Face Value
₹100
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
3.93 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
9 Nov 2026
NSE
Trades (30 Days)
1
Exchange-reported sessions
Security Status
—
No call option

Observations

  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 0.17 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 8 Nov 2026
Issuer
Instrument Type
SDL
Issue Date
23 Sep 2026
Day Count Convention
30/360
Listed Exchange
NSE
Call / Put Option
None disclosed

Issued by Punjab, Punjab 7.54% 23 Sep 2031 SDL is an SDL. It pays a 7.54% p.a. coupon, semi-annually. Principal is repaid at maturity.

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →
Alert me about Punjab 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 IN2820260106: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-09 95.3166 8.7369 100

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 0 — —
Rating Actions History 0 — —
Secondary-Market Trades 1 NSE 2026-11-09
Reg52(4) Payment Disclosures 0 — —

Documents

No source documents linked for this security yet.

Entity metadata
Source
RBI (DBIE)
Last Updated
8 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)
₹95.32
YTM8.74%
Trade Date 9 Nov 2026 Today
SourceNSE
Accrued interest (est.)₹0.98
Dirty price (est.)₹96.30
Calculate YTM for this bond
Bond Snapshot
ISIN
IN2820260106
Issue Date
23 Sep 2026
Maturity Date
23 Sep 2031
Listing
NSE
Payment Frequency
Semi Annual
Put / Call Option
None disclosed
Security
—
Day Count
30/360
Rating Alerts

Get notified of downgrades, upgrades, and credit watches across all tracked bonds.

Subscribe Free

Weekly digest. No spam. Unsubscribe anytime.

Frequently Asked Questions
What is the coupon rate on Punjab 7.54% 23 Sep 2031 SDL?

Punjab 7.54% 23 Sep 2031 SDL carries a coupon of 7.54%, paid semi annual, on a face value of ₹100.

When does Punjab 7.54% 23 Sep 2031 SDL mature?

Punjab 7.54% 23 Sep 2031 SDL matures on 23 Sep 2031, 4.9 years from today.

Where does Punjab 7.54% 23 Sep 2031 SDL trade?

Punjab 7.54% 23 Sep 2031 SDL is listed on NSE.

What yield does Punjab 7.54% 23 Sep 2031 SDL currently offer?

The last recorded trade on 9 Nov 2026 priced Punjab 7.54% 23 Sep 2031 SDL at ₹95.32 per bond, implying a yield to maturity of 8.74%.

More Bonds from This Issuer

P
Punjab 7.02% Jul 2030 SDL
IN2820260064
Coupon
7.02%
Maturity
01 Jul 2030
P
Punjab 7.48% Jan 2031 SDL
IN2820250156
Coupon
7.48%
Maturity
14 Jan 2031
P
Punjab 6.95% Jun 2031 SDL
IN2820210028
Coupon
6.95%
Maturity
30 Jun 2031
P
Punjab 6.89% Sep 2031 SDL
IN2820210069
Coupon
6.89%
Maturity
08 Sep 2031
Compare (/) Compare Bonds

Comparable SDLs maturing near 2031

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 7.54%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
IN1520230138Gujarat—7.55%2031-12-20
IN3120260010Tamil Nadu—7.50%2032-05-06
IN1620220328Haryana—7.58%2030-12-21
IN1620220351Haryana—7.62%2031-01-04
IN1020230703Andhra Pradesh—7.64%2031-01-17
IN2920260055Rajasthan—7.43%2031-05-06

← Back to screener