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HDFC Bank 8.85% Perpetual NCD (INE040A08377)

CRISIL AA+ Unsecured NCD

HDFC Bank Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds

63 more bonds from HDFC Bank Limited →
Current YTM
—
No market YTM available
Coupon Rate
8.85%
Per annum
Maturity Date
Perpetual
No fixed maturity
Interest Payment
Annual
Frequency
Face Value
₹10,00,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

Market Position

YTM (Annual)
—
No trade with a usable price on record
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Tenure
Perpetual
No fixed 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

Cashflow schedule unavailable

Coupon frequency or rate missing from source data.

Key Metrics

Coupon Rate
8.85%
YTM (Annual)
—
Credit Rating
AA+
(CRISIL) · rated 31 May 2017, 9 years ago
Over 15 months old; see below
Remaining Tenure
Perpetual

AA+ (CRISIL): Rated 31 May 2017 (9 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since. CRISIL's latest action on the issuer (23 Jun 2026) is AAA.

Advanced metrics
Modified Duration
—
Macaulay Duration
—
Issue Size
₹8,000 Cr
Minimum Investment
₹10,00,000
1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
—
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
—
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.

Structured Overview

Data as of 7 Nov 2026
Instrument Type
NCD
Issue Date
12 May 2017
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

HDFC Bank Limited issued HDFC Bank 8.85% Perpetual NCD, an unsecured, rated NCD. It pays an 8.85% p.a. coupon, annually. It has no fixed maturity date.

Rating Action History

1 actions

Agency actions on HDFC Bank Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

DateAgencyActionRatingOutlookRationale
2026-06-23 CRISIL Withdrawal AAA Stable View →
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on HDFC Bank Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

DateAgencyActionRatingRationale
2026-06-23 CRISIL Withdrawal AAA / Stable View →
Alert me about HDFC Bank Limited 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 1 CRISIL 2017-05-31
Rating Actions History 1 — 2026-06-23
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

Entity metadata
Source
BSE
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

View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE040A08377
Issue Date
12 May 2017
Maturity Date
Perpetual — no fixed maturity
Listing
BSE
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on HDFC Bank 8.85% Perpetual NCD?

HDFC Bank 8.85% Perpetual NCD carries a coupon of 8.85%, paid annual, on a face value of ₹10,00,000.

When does HDFC Bank 8.85% Perpetual NCD mature?

HDFC Bank 8.85% Perpetual NCD is a perpetual bond (AT1/Tier-I) with no fixed maturity date.

What is HDFC Bank 8.85% Perpetual NCD rated?

HDFC Bank 8.85% Perpetual NCD is rated AA+ by CRISIL (rating dated 31 May 2017).

Is HDFC Bank 8.85% Perpetual NCD secured?

HDFC Bank 8.85% Perpetual NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does HDFC Bank 8.85% Perpetual NCD trade?

HDFC Bank 8.85% Perpetual NCD is listed on BSE.

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Maturity
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AAA NSDL record, 2023
Coupon
7.72%
Maturity
18 Nov 2026
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Coupon
11.08%
Maturity
27 Mar 2027
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AAA NSDL record, 2023
Coupon
7.78%
Maturity
27 Mar 2027
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