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Tamil Nadu 6.97% 18 Dec 2028 SDL (IN3120240434)

Sovereign SDL

Tamil Nadu

Taxable, Redeemable SDL

Browse: bonds maturing in 2028

392 more bonds from Tamil Nadu →
Current YTM
—
No market YTM available
Coupon Rate
6.97%
Per annum
Maturity Date
18 Dec 2028
2.1 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹100
Per Bond

Market Position

YTM (Annual)
—
No trade with a usable price on record
Latest RBI auction cut-off yield: 6.97% (17 Dec 2024), 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
2.1 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.

Cashflow Timeline

18 Dec 2026
Interest Payment
₹3.48 / Bond
18 Jun 2027
Interest Payment
₹3.48 / Bond
18 Dec 2027
Interest Payment
₹3.48 / Bond
18 Jun 2028
Interest Payment
₹3.48 / Bond
18 Dec 2028
Final coupon + principal
₹103.48 / Bond
₹3.48 coupon + ₹100 face value

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

RBI Auctions of This Security

1 auction

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)
17 Dec 2024 New issue 6.9700% 6.9605% — 1,000 1,000

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 18 Dec 2024 Matures 18 Dec 2028

Key Metrics

Coupon Rate
6.97%
YTM (Annual)
—
Credit Rating
Sovereign
Government of India obligation
Remaining Tenure
2.1 Years
Advanced metrics
Modified Duration
1.88 Yrs
Macaulay Duration
1.95 Yrs
Issue Size
₹10 Cr
Face Value
₹100
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
1.88 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
—
No recorded trades
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 0.40 percentage points below 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
18 Dec 2024
Day Count Convention
30/360
Listed Exchange
NSE
Call / Put Option
None disclosed

Tamil Nadu 6.97% 18 Dec 2028 SDL is an SDL issued by Tamil Nadu. It pays a 6.97% p.a. coupon, semi-annually. Principal is repaid at maturity.

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →
Alert me about Tamil Nadu 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.

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 0 — —
Rating Actions History 0 — —
Secondary-Market Trades 0 — —
Reg52(4) Payment Disclosures 0 — —
  • No secondary-market trade with a usable price on record, so no market yield or spread is shown.

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)
—

No recent trade data available

Calculate YTM for this bond
Bond Snapshot
ISIN
IN3120240434
Issue Date
18 Dec 2024
Maturity Date
18 Dec 2028
Listing
NSE
Payment Frequency
Semi Annual
Put / Call Option
None disclosed
Security
—
Day Count
30/360
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More Bonds from This Issuer

T
Tamil Nadu 7.39% Nov 2026 SDL
IN3120160137
Coupon
7.39%
Maturity
09 Nov 2026
T
Tamil Nadu 7.26% Nov 2026 SDL
IN3120190191
Coupon
7.26%
Maturity
20 Nov 2026
T
Tamil Nadu 6.84% Nov 2026 SDL
IN3120160145
Coupon
6.84%
Maturity
23 Nov 2026
T
Tamil Nadu 7.07% Dec 2026 SDL
IN3120160152
Coupon
7.07%
Maturity
14 Dec 2026
Compare (/) Compare Bonds

Comparable SDLs maturing near 2028

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 6.97%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
IN1620210147Haryana—6.96%2029-02-02
IN1520230039Gujarat—7.18%2028-06-07
IN1720250118Himachal Pradesh—6.75%2029-12-03
IN2920250304Rajasthan—6.56%2029-11-26
IN1520230179Gujarat—7.47%2028-01-03
IN1020220563Andhra Pradesh—7.75%2029-11-02

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