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National Bank for Financing… 7.36% Aug 2044 NCD

AAA Unsecured NCD

National Bank for Financing Infrastructure and Development

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2044

Current YTM
7.55%
Market YTM
Coupon Rate
7.36%
Per annum
Maturity Date
12 Aug 2044
18.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.55%
Live, last traded 2026-07-31
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+135 bps
vs 18.0Y G-Sec at 6.20%
Below the median spread for similar-tenor peers
Tenure
18.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-07 2026-07-31
Cashflow Timeline
13 Aug 2027
Interest Payment
₹7,360.00 / Bond
13 Aug 2028
Interest Payment
₹7,360.00 / Bond
13 Aug 2029
Interest Payment
₹7,360.00 / Bond
13 Aug 2030
Interest Payment
₹7,360.00 / Bond
13 Aug 2031
Interest Payment
₹7,360.00 / Bond
13 Aug 2032
Interest Payment
₹7,360.00 / Bond
13 Aug 2033
Interest Payment
₹7,360.00 / Bond
13 Aug 2034
Interest Payment
₹7,360.00 / Bond
12 Aug 2044
Principal Payment
₹100,000.00 / Bond

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

Payment Disclosures (SEBI Reg52(4)) 1 disclosed
Due DateTypeAmount DueAmount PaidStatusFiling
2026-08-13 Interest ₹2,878,300,000.00 ₹2,878,300,000.00 Paid XBRL →

Source: NSE Debt Centralised Database (corporate-interest-payment / corporate-redemption-payment), per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ◆ Reg52(4) disclosed ┊ Today
Today Initial rating: AAA by CRISIL on 2026-06-16 Interest paid (SEBI Reg52(4) disclosure) — due 2026-08-13 Issued 2024-08-13 Matures 2044-08-12

1 rating action on file since issue — hover a dot for detail.

1 SEBI Reg52(4) disclosed payment — hover a square/diamond for detail.

Key Metrics
Coupon Rate
7.36%
YTM (Annual)
7.55%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
18.0 Years
Advanced metrics
Modified Duration
9.68 Yrs
Macaulay Duration
10.41 Yrs
Issue Size
₹3,911 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
9.68 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-31
NSE OTC (WAP)
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 2.64 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
2024-08-13
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Puttable

Issued by National Bank for Financing Infrastructure and Development, 7.36% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURE SERIES NABFID2025-2 DATE OF MATURITY 12/08/2044. is a rated, ncd paying a 7.36% p.a. coupon annual. The instrument repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-06-16 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-31 98.1153 7.5500 None
2026-07-08 98.1033 7.5475 None
2026-07-07 98.4673 7.5100 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2026-06-28
Rating Actions History 1 2026-06-16
Secondary-Market Trades 3 NSE OTC (WAP) 2026-07-31
Reg52(4) Payment Disclosures 1 NSE 2026-08-13
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 National Bank for Financing… 7.36% Aug 2044 NCD?

National Bank for Financing… 7.36% Aug 2044 NCD carries a coupon of 7.36%, paid annual, on a face value of ₹100,000.

When does National Bank for Financing… 7.36% Aug 2044 NCD mature?

National Bank for Financing… 7.36% Aug 2044 NCD matures on 2044-08-12, 18.0 years from today.

What is National Bank for Financing… 7.36% Aug 2044 NCD rated?

National Bank for Financing… 7.36% Aug 2044 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2026-06-28.

Is National Bank for Financing… 7.36% Aug 2044 NCD secured?

National Bank for Financing… 7.36% Aug 2044 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can National Bank for Financing… 7.36% Aug 2044 NCD be called or put back early?

National Bank for Financing… 7.36% Aug 2044 NCD is puttable -- holders may require the issuer to repurchase it on scheduled put dates.

What yield does National Bank for Financing… 7.36% Aug 2044 NCD currently offer?

The last recorded trade on 2026-07-31 priced National Bank for Financing… 7.36% Aug 2044 NCD at ₹98.12, implying a yield to maturity of 7.55%.

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