T
AA Unsecured NCD

Tata Steel Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2034

Current YTM
No live YTM available
Coupon Rate
9.84%
Per annum
Maturity Date
01 Mar 2034
7.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual) EST
~9.84%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+307 bps
vs 7.5Y G-Sec at 6.77% *
Top 20% of similar-tenor peers by spread
Tenure
7.5 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.
Cashflow Timeline
1 Mar 2027
Interest Payment
₹98,400.00 / Bond
1 Mar 2028
Interest Payment
₹98,400.00 / Bond
1 Mar 2029
Interest Payment
₹98,400.00 / Bond
1 Mar 2030
Interest Payment
₹98,400.00 / Bond
1 Mar 2031
Interest Payment
₹98,400.00 / Bond
1 Mar 2032
Interest Payment
₹98,400.00 / Bond
1 Mar 2033
Interest Payment
₹98,400.00 / Bond
1 Mar 2034
Principal Payment
₹1,000,000.00 / Bond

Next 7 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2019-03-01 Matures 2034-03-01
Key Metrics
Coupon Rate
9.84%
YTM (Annual)
Credit Rating
AA
(CARE)
Remaining Tenure
7.5 Years
Advanced metrics
Modified Duration
4.92 Yrs
Macaulay Duration
5.40 Yrs
Issue Size
₹4,315 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
4.92 Yrs
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.
  • Coupon is 0.16 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2019-03-01
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

TSL-9.8359%-1-3-34-PVT is a rated, redeemable ncd issued by Tata Steel Limited. The bond offers a fixed coupon of 9.84% p.a. with annual interest payments and repays principal on maturity.

Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2019-02-25
Rating Actions History 0
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 0
  • No secondary-market trades recorded — YTM figures use the coupon rate as a proxy.
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 TATA STEEL 9.84% Mar 2034 NCD?

TATA STEEL 9.84% Mar 2034 NCD carries a coupon of 9.84%, paid annual, on a face value of ₹1,000,000.

When does TATA STEEL 9.84% Mar 2034 NCD mature?

TATA STEEL 9.84% Mar 2034 NCD matures on 2034-03-01, 7.5 years from today.

What is TATA STEEL 9.84% Mar 2034 NCD rated?

TATA STEEL 9.84% Mar 2034 NCD is rated AA by CARE. As of 2019-02-25.

Is TATA STEEL 9.84% Mar 2034 NCD secured?

TATA STEEL 9.84% Mar 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does TATA STEEL 9.84% Mar 2034 NCD trade?

TATA STEEL 9.84% Mar 2034 NCD is listed on BSE.

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Maturity
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Maturity
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