T
AA+ Unsecured NCD

Tata Steel Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
7.50%
Market YTM
Coupon Rate
8.03%
Per annum
Maturity Date
25 Feb 2028
1.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.50%
Live, last traded 2026-08-13
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+172 bps
vs 1.5Y G-Sec at 5.78%
Below the median spread for similar-tenor peers
Tenure
1.5 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-16 2026-08-13
Cashflow Timeline
27 Feb 2027
Interest Payment
₹8,030.00 / Bond
25 Feb 2028
Principal Payment
₹100,000.00 / Bond

Next 1 coupon + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2023-02-27 Matures 2028-02-25
Key Metrics
Coupon Rate
8.03%
YTM (Annual)
7.50%
Credit Rating
AA+
(INDIA_RATINGS)
Remaining Tenure
1.5 Years
Advanced metrics
Modified Duration
1.32 Yrs
Macaulay Duration
1.41 Yrs
Issue Size
₹2,150 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.32 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-13
NSE OTC (WAP)
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 1.97 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2023-02-27
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Tata Steel Limited issued this rated, ncd (8.03% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 25/02/2028) carrying a 8.03% p.a. coupon, paid annual. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-13 100.7109 7.5000 None
2026-07-31 100.5957 7.5900 None
2026-07-16 100.6063 7.5700 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 INDIA_RATINGS 2023-02-16
Rating Actions History 0
Secondary-Market Trades 3 NSE OTC (WAP) 2026-08-13
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 Tata Steel 8.03% Feb 2028 NCD?

Tata Steel 8.03% Feb 2028 NCD carries a coupon of 8.03%, paid annual, on a face value of ₹100,000.

When does Tata Steel 8.03% Feb 2028 NCD mature?

Tata Steel 8.03% Feb 2028 NCD matures on 2028-02-25, 1.5 years from today.

What is Tata Steel 8.03% Feb 2028 NCD rated?

Tata Steel 8.03% Feb 2028 NCD is rated AA+ by INDIA_RATINGS. As of 2023-02-16.

Is Tata Steel 8.03% Feb 2028 NCD secured?

Tata Steel 8.03% Feb 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Tata Steel 8.03% Feb 2028 NCD currently offer?

The last recorded trade on 2026-08-13 priced Tata Steel 8.03% Feb 2028 NCD at ₹100.71, implying a yield to maturity of 7.50%.

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Tata Steel 8.15% Oct 2026 NCD
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Maturity
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Tata Steel 7.50% Sep 2027 NCD
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Maturity
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Maturity
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