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National Bank for Financing… 7.15% Mar 2035 NCD

AAA Unsecured NCD

National Bank for Financing Infrastructure and Development

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

Current YTM
7.52%
Market YTM
Coupon Rate
7.15%
Per annum
Maturity Date
28 Mar 2035
8.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.52%
Live, last traded 2026-08-04
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+101 bps
vs 8.6Y G-Sec at 6.51%
Below the median spread for similar-tenor peers
Tenure
8.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-21 2026-08-04
Cashflow Timeline
28 Mar 2027
Interest Payment
₹7,150.00 / Bond
28 Mar 2028
Interest Payment
₹7,150.00 / Bond
28 Mar 2029
Interest Payment
₹7,150.00 / Bond
28 Mar 2030
Interest Payment
₹7,150.00 / Bond
28 Mar 2031
Interest Payment
₹7,150.00 / Bond
28 Mar 2032
Interest Payment
₹7,150.00 / Bond
28 Mar 2033
Interest Payment
₹7,150.00 / Bond
28 Mar 2034
Interest Payment
₹7,150.00 / Bond
28 Mar 2035
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 Initial rating: AAA by CRISIL on 2026-06-16 Issued 2025-03-28 Matures 2035-03-28

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

Key Metrics
Coupon Rate
7.15%
YTM (Annual)
7.52%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
8.6 Years
Advanced metrics
Modified Duration
6.04 Yrs
Macaulay Duration
6.49 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
6.04 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-04
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 2.85 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
2025-03-28
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Puttable

National Bank for Financing Infrastructure and Development issued this rated, ncd (7.15% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN NATURE OF DEBENTURE SERIES 4 DATE OF MATURITY 28/03/2035) carrying a 7.15% p.a. coupon, paid annual. It 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
2026-08-04 97.6170 7.5200 None
2026-07-31 97.7082 7.5046 None
2026-07-21 97.8586 7.4800 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-03-21
Rating Actions History 1 2026-06-16
Secondary-Market Trades 3 NSE OTC (WAP) 2026-08-04
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 National Bank for Financing… 7.15% Mar 2035 NCD?

National Bank for Financing… 7.15% Mar 2035 NCD carries a coupon of 7.15%, paid annual, on a face value of ₹100,000.

When does National Bank for Financing… 7.15% Mar 2035 NCD mature?

National Bank for Financing… 7.15% Mar 2035 NCD matures on 2035-03-28, 8.6 years from today.

What is National Bank for Financing… 7.15% Mar 2035 NCD rated?

National Bank for Financing… 7.15% Mar 2035 NCD is rated AAA by CRISIL. As of 2025-03-21.

Is National Bank for Financing… 7.15% Mar 2035 NCD secured?

National Bank for Financing… 7.15% Mar 2035 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can National Bank for Financing… 7.15% Mar 2035 NCD be called or put back early?

National Bank for Financing… 7.15% Mar 2035 NCD is puttable -- holders may require the issuer to repurchase it on scheduled put dates.

What yield does National Bank for Financing… 7.15% Mar 2035 NCD currently offer?

The last recorded trade on 2026-08-04 priced National Bank for Financing… 7.15% Mar 2035 NCD at ₹97.62, implying a yield to maturity of 7.52%.

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