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HDFC Bank 7.84% Dec 2032 NCD (INE040A08435)

CARE AAA / Stable Unsecured NCD

HDFC Bank Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2032

63 more bonds from HDFC Bank Limited →
Current YTM
8.22%
Market YTM
Coupon Rate
7.84%
Per annum
Maturity Date
16 Dec 2032
6.1 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,00,000
Per Bond

Issuer events

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

Market Position

YTM (Annual)
8.22%
Last traded 22 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+93 bps
vs 6.1Y G-Sec at 7.29%
Below the median spread for similar-tenor peers
Tenure
6.1 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.

Price data as a table: Recent Market Prices

Cashflow Timeline

16 Dec 2026
Interest Payment
₹7,84,000.00 / Bond
₹7,05,600.00 net of 10% TDS (est.)
16 Dec 2027
Interest Payment
₹7,84,000.00 / Bond
₹7,05,600.00 net of 10% TDS (est.)
16 Dec 2028
Interest Payment
₹7,84,000.00 / Bond
₹7,05,600.00 net of 10% TDS (est.)
16 Dec 2029
Interest Payment
₹7,84,000.00 / Bond
₹7,05,600.00 net of 10% TDS (est.)
16 Dec 2030
Interest Payment
₹7,84,000.00 / Bond
₹7,05,600.00 net of 10% TDS (est.)
16 Dec 2031
Interest Payment
₹7,84,000.00 / Bond
₹7,05,600.00 net of 10% TDS (est.)
16 Dec 2032
Final coupon + principal
₹1,07,84,000.00 / Bond
₹7,84,000.00 coupon + ₹1,00,00,000 face value

7 coupons remaining, the last paid with principal at maturity · per ₹1,00,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 16 Dec 2022 Matures 16 Dec 2032

Key Metrics

Coupon Rate
7.84%
YTM (Annual)
8.22%
Credit Rating
AAA
(CARE) · rated 23 Oct 2026, 16 days ago
Remaining Tenure
6.1 Years
Advanced metrics
Modified Duration
4.37 Yrs
Macaulay Duration
4.73 Yrs
Issue Size
₹5,000 Cr
Face Value
₹1,00,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
4.37 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
22 Oct 2026
BSE
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.36 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
16 Dec 2022
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

HDFC Bank 7.84% Dec 2032 NCD is an unsecured, rated NCD issued by HDFC Bank Limited. It pays a 7.84% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

3 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
23 Oct 2026 CARE AAA Stable Latest CARE press release →
27 Aug 2026 CARE AAA Stable Superseded CARE press release →
2022 CRISIL AAA — NSDL record, 2022 NSDL debt master

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.

Recent Market Prices

Recent BSE trades for INE040A08435: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-22 98.1500 8.2200 2
2026-10-19 98.0070 8.2500 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 3 CARE, CRISIL 2026-10-23
Rating Actions History 1 — 2026-06-23
Secondary-Market Trades 2 BSE 2026-10-22
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
NSDL debt master
Last Updated
16 Jul 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)
₹98,15,000.00
YTM8.22%
Trade Date 22 Oct 2026 17d ago
SourceBSE
Accrued interest (est.)₹7,04,526.03
Dirty price (est.)₹1,05,19,526.03
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE040A08435
Issue Date
16 Dec 2022
Maturity Date
16 Dec 2032
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

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Frequently Asked Questions
What is the coupon rate on HDFC Bank 7.84% Dec 2032 NCD?

HDFC Bank 7.84% Dec 2032 NCD carries a coupon of 7.84%, paid annual, on a face value of ₹1,00,00,000.

When does HDFC Bank 7.84% Dec 2032 NCD mature?

HDFC Bank 7.84% Dec 2032 NCD matures on 16 Dec 2032, 6.1 years from today.

What is HDFC Bank 7.84% Dec 2032 NCD rated?

HDFC Bank 7.84% Dec 2032 NCD is rated AAA by CARE (rating dated 23 Oct 2026).

Is HDFC Bank 7.84% Dec 2032 NCD secured?

HDFC Bank 7.84% Dec 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does HDFC Bank 7.84% Dec 2032 NCD currently offer?

The last recorded trade on 22 Oct 2026 priced HDFC Bank 7.84% Dec 2032 NCD at ₹98,15,000.00 per bond, implying a yield to maturity of 8.22%.

More Bonds from This Issuer

H
HDFC Bank 7.72% Nov 2026 NCD
INE001A07PV1
Coupon
7.72%
Maturity
18 Nov 2026
H
HDFC Bank 7.72% Nov 2026 NCD
INE040A08450
AAA NSDL record, 2023
Coupon
7.72%
Maturity
18 Nov 2026
H
HDFC Bank 11.08% Mar 2027 NCD
INE001A07QG0
AAA
Coupon
11.08%
Maturity
27 Mar 2027
H
HDFC Bank 7.78% Mar 2027 NCD
INE040A08567
AAA NSDL record, 2023
Coupon
7.78%
Maturity
27 Mar 2027
Compare (/) Compare Bonds

Comparable NCDs maturing near 2032

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 7.84%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE027E07CO1L&T Finance LimitedAAA NSDL record, 20237.85%2033-05-26
INE134E08ME3Power Finance Corporation LimitedAAA7.82%2032-03-12
INE153A08113Mahanagar Telephone Nigam LimitedAAA NSDL record, 20227.87%2032-12-01
INE153A08170Mahanagar Telephone Nigam LimitedAAA7.80%2033-11-07
INE242A08528Indian Oil Corporation LimitedAAA7.79%2032-04-12
INE377Y07359Bajaj Housing Finance LimitedAAA NSDL record, 20227.89%2032-09-08

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