S
AA+ Secured NCD

Surat Municipal Corporation

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2030

Current YTM
7.31%
Market YTM
Coupon Rate
8.00%
Per annum
Maturity Date
13 Oct 2030
4.1 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹500
Per Bond
Market Position
YTM (Annual)
7.31%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+131 bps
vs 4.1Y G-Sec at 6.00%
Below the median spread for similar-tenor peers
Tenure
4.1 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-23 2026-08-27
Cashflow Timeline
13 Oct 2026
Interest Payment
₹20.00 / Bond
13 Apr 2027
Interest Payment
₹20.00 / Bond
13 Oct 2027
Interest Payment
₹20.00 / Bond
13 Apr 2028
Interest Payment
₹20.00 / Bond
13 Oct 2028
Interest Payment
₹20.00 / Bond
13 Apr 2029
Interest Payment
₹20.00 / Bond
13 Oct 2029
Interest Payment
₹20.00 / Bond
13 Apr 2030
Interest Payment
₹20.00 / Bond
13 Oct 2030
Principal Payment
₹500.00 / Bond

Next 8 coupons + principal at maturity · per ₹500 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2025-10-13 Matures 2030-10-13
Key Metrics
Coupon Rate
8.00%
YTM (Annual)
7.31%
Credit Rating
AA+
(CRISIL)
Remaining Tenure
4.1 Years
Advanced metrics
Modified Duration
3.37 Yrs
Macaulay Duration
3.50 Yrs
Issue Size
₹100 Cr
Minimum Investment
₹500
(1 Bond)
Market Characteristics
Modified Duration
3.37 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
2026-08-27
NSE CM
Trades (30 Days)
8
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 8 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.00 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2025-10-13
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Surat Municipal Corporation issued this secured, rated, ncd (8% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE GREEN MUNICIPAL BONDS IN THE NATURE DEBENTURES STRPP B DATE OF MATURITY 13/10/2030) carrying a 8.00% p.a. coupon, paid semi annual. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 102.4000 7.3120 None
2026-08-26 102.0000 7.4249 None
2026-08-25 102.0000 7.4251 None
2026-08-13 102.0000 7.4285 None
2026-08-11 102.0000 7.4291 None
2026-07-31 101.2000 7.6493 None
2026-07-30 103.6000 6.9920 None
2026-07-29 101.9800 7.4381 None
2026-07-28 102.0000 7.4329 None
2026-07-23 102.0000 7.4344 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-06-11
Rating Actions History 0
Secondary-Market Trades 10 NSE CM 2026-08-27
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
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.

Frequently Asked Questions
What is the coupon rate on Surat Municipal 8.00% Oct 2030 NCD?

Surat Municipal 8.00% Oct 2030 NCD carries a coupon of 8.00%, paid semi annual, on a face value of ₹500.

When does Surat Municipal 8.00% Oct 2030 NCD mature?

Surat Municipal 8.00% Oct 2030 NCD matures on 2030-10-13, 4.1 years from today.

What is Surat Municipal 8.00% Oct 2030 NCD rated?

Surat Municipal 8.00% Oct 2030 NCD is rated AA+ by CRISIL. As of 2025-06-11.

Is Surat Municipal 8.00% Oct 2030 NCD secured?

Surat Municipal 8.00% Oct 2030 NCD is a secured bond.

What yield does Surat Municipal 8.00% Oct 2030 NCD currently offer?

The last recorded trade on 2026-08-27 priced Surat Municipal 8.00% Oct 2030 NCD at ₹102.40, implying a yield to maturity of 7.31%.

More Bonds from This Issuer
8
Surat Municipal 8.00% Oct 2029 NCD
AA+
Coupon
8.00%
Maturity
13 Oct 2029
Compare (/) Compare Bonds

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