M
A / Stable Secured NCD

Muthoot Microfin Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: A rated bonds · bonds maturing in 2028

Current YTM
9.63%
Market YTM
Coupon Rate
9.80%
Per annum
Maturity Date
23 Sep 2028
2.1 Yrs to Maturity
Interest Payment
Monthly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
9.63%
Live, last traded 2026-07-31
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+491 bps
vs 2.1Y G-Sec at 4.72%
Top 23% of similar-tenor peers by spread
Tenure
2.1 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-06 2026-07-31
Cashflow Timeline
23 Sep 2026
Interest Payment
₹816.67 / Bond
23 Oct 2026
Interest Payment
₹816.67 / Bond
23 Nov 2026
Interest Payment
₹816.67 / Bond
23 Dec 2026
Interest Payment
₹816.67 / Bond
23 Jan 2027
Interest Payment
₹816.67 / Bond
23 Feb 2027
Interest Payment
₹816.67 / Bond
23 Mar 2027
Interest Payment
₹816.67 / Bond
23 Apr 2027
Interest Payment
₹816.67 / Bond
23 Sep 2028
Principal Payment
₹100,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: AA by CRISIL on 2026-07-20 Rating action: by CRISIL on 2026-07-16 Initial rating: AA by CRISIL on 2026-07-07 Rating action: AA by CRISIL on 2026-06-24 Issued 2025-09-23 Matures 2028-09-23

4 rating actions on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
9.80%
YTM (Annual)
9.63%
Credit Rating
A
(CRISIL)
Remaining Tenure
2.1 Years
Advanced metrics
Modified Duration
1.86 Yrs
Macaulay Duration
1.88 Yrs
Issue Size
₹75 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.86 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Monthly
Last Trade
2026-07-31
BSE
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.20 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2025-09-23
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

MML-9.80%-23-09-28-PVT is a secured, rated, redeemable ncd issued by Muthoot Microfin Limited. The bond offers a fixed coupon of 9.80% p.a. with monthly interest payments and repays principal on maturity.

Rating Action History 4 actions
DateAgencyActionRatingOutlookRationale
2026-07-20 CRISIL Other AA View →
2026-07-16 CRISIL Other View →
2026-07-07 CRISIL Initial AA View →
2026-06-24 CRISIL Other AA View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-31 101.1000 9.6300 2
2026-07-28 101.5900 9.3600 1
2026-07-27 100.2600 10.1000 1
2026-07-16 99.4400 10.5500 1
2026-07-08 98.3700 11.1500 1
2026-07-06 98.3700 11.1500 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-09-30
Rating Actions History 4 2026-07-20
Secondary-Market Trades 6 BSE 2026-07-31
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 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.

Frequently Asked Questions
What is the coupon rate on Muthoot Microfin 9.80% Sep 2028 NCD?

Muthoot Microfin 9.80% Sep 2028 NCD carries a coupon of 9.80%, paid monthly, on a face value of ₹100,000.

When does Muthoot Microfin 9.80% Sep 2028 NCD mature?

Muthoot Microfin 9.80% Sep 2028 NCD matures on 2028-09-23, 2.1 years from today.

What is Muthoot Microfin 9.80% Sep 2028 NCD rated?

Muthoot Microfin 9.80% Sep 2028 NCD is rated A by CRISIL. As of 2025-09-30.

Is Muthoot Microfin 9.80% Sep 2028 NCD secured?

Muthoot Microfin 9.80% Sep 2028 NCD is a secured bond.

Where does Muthoot Microfin 9.80% Sep 2028 NCD trade?

Muthoot Microfin 9.80% Sep 2028 NCD is listed on BSE.

What yield does Muthoot Microfin 9.80% Sep 2028 NCD currently offer?

The last recorded trade on 2026-07-31 priced Muthoot Microfin 9.80% Sep 2028 NCD at ₹101.10, implying a yield to maturity of 9.63%.

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Muthoot Microfin 11.46% May 2027 NCD
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Muthoot Microfin 9.80% Sep 2027 NCD
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