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Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD (INE0M2307107)

India Ratings AA+ / Stable Secured NCD

Andhra Pradesh State Beverages Corporation Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2032

23 more bonds from Andhra Pradesh State Beverages Corporation Limited →
Current YTM
8.55%
Market YTM
Coupon Rate
9.62%
Per annum
Maturity Date
31 May 2032
5.6 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹10,00,000
Per Bond

Market Position

YTM (Annual)
8.55%
Last traded 3 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+131 bps
vs 5.6Y G-Sec at 7.24%
Below the median spread for similar-tenor peers
Tenure
5.6 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
24 Jul 20263 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

14 Dec 2026
Interest Payment
₹24,050.00 / Bond
₹21,645.00 net of 10% TDS (est.)
14 Mar 2027
Interest Payment
₹24,050.00 / Bond
₹21,645.00 net of 10% TDS (est.)
14 Jun 2027
Interest Payment
₹24,050.00 / Bond
₹21,645.00 net of 10% TDS (est.)
14 Sep 2027
Interest Payment
₹24,050.00 / Bond
₹21,645.00 net of 10% TDS (est.)
14 Dec 2027
Interest Payment
₹24,050.00 / Bond
₹21,645.00 net of 10% TDS (est.)
14 Mar 2028
Interest Payment
₹24,050.00 / Bond
₹21,645.00 net of 10% TDS (est.)
14 Jun 2028
Interest Payment
₹24,050.00 / Bond
₹21,645.00 net of 10% TDS (est.)
14 Sep 2028
Interest Payment
₹24,050.00 / Bond
₹21,645.00 net of 10% TDS (est.)
…
+14 more coupons until 14 Mar 2032
₹24,050.00 each / Bond
31 May 2032
Final coupon (part period) + principal
₹10,20,390.22 / Bond
₹20,390.22 coupon + ₹10,00,000 face value

23 coupons remaining, the last paid with principal at maturity · per ₹10,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 14 Jun 2022 Matures 31 May 2032

Key Metrics

Coupon Rate
9.62%
YTM (Annual)
8.55%
Credit Rating
AA+
(India Ratings) · rated 30 Jun 2022, 4 years ago
Over 15 months old; see below
Remaining Tenure
5.6 Years

AA+ (India Ratings): Rated 30 Jun 2022 (4 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics
Modified Duration
4.23 Yrs
Macaulay Duration
4.32 Yrs
Issue Size
₹830 Cr
Minimum Investment
₹10,00,000
1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
4.23 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
3 Nov 2026
BSE
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 0.58 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 8 Nov 2026
Instrument Type
NCD
Issue Date
14 Jun 2022
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Andhra Pradesh State Beverages Corporation Limited issued Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD, a secured, rated NCD. It pays a 9.62% p.a. coupon, quarterly. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
30 Jun 2022 India Ratings AA+ Stable Latest BSE listing
2022 Acuité AA — NSDL record, 2022 NSDL debt master
Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →
Alert me about Andhra Pradesh State Beverages Corporation Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE0M2307107: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-03 105.5500 8.5500 1
2026-10-06 107.5500 8.0800 2
2026-09-18 107.5400 8.1000 1
2026-09-10 104.2700 8.8900 1
2026-09-07 106.1700 8.4400 2
2026-07-24 104.6000 8.8300 1

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 Acuité, India Ratings 2022-06-30
Rating Actions History 0 — —
Secondary-Market Trades 6 BSE 2026-11-03
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
BSE
Last Updated
8 Nov 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.

Current Price (Clean)
₹10,55,500.00
YTM8.55%
Trade Date 3 Nov 2026 5d ago
SourceBSE
Accrued interest (est.)₹18,500.00
Dirty price (est.)₹10,74,000.00
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE0M2307107
Issue Date
14 Jun 2022
Maturity Date
31 May 2032
Listing
BSE
Payment Frequency
Quarterly
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD?

Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD carries a coupon of 9.62%, paid quarterly, on a face value of ₹10,00,000.

When does Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD mature?

Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD matures on 31 May 2032, 5.6 years from today.

What is Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD rated?

Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD is rated AA+ by India Ratings (rating dated 30 Jun 2022).

Is Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD secured?

Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD is a secured bond.

Where does Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD trade?

Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD is listed on BSE.

What yield does Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD currently offer?

The last recorded trade on 3 Nov 2026 priced Andhra Pradesh State Beverages Corporation 9.62% May 2032 NCD at ₹10,55,500.00 per bond, implying a yield to maturity of 8.55%.

More Bonds from This Issuer

A
Andhra Pradesh State Beverages Corporation 9.62% Nov 2026 NCD
INE0M2307149
AA+ NSDL record, 2022
Coupon
9.62%
Maturity
30 Nov 2026
A
Andhra Pradesh State Beverages Corporation 9.15% Dec 2026 NCD
INE0M2307362
Coupon
9.15%
Maturity
18 Dec 2026
A
Andhra Pradesh State Beverages Corporation 9.62% May 2027 NCD
INE0M2307057
AA+
Coupon
9.62%
Maturity
31 May 2027
A
Andhra Pradesh State Beverages Corporation 9.62% Nov 2027 NCD
INE0M2307156
AA+ NSDL record, 2022
Coupon
9.62%
Maturity
30 Nov 2027
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Comparable NCDs maturing near 2032

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 9.62%. For comparison only, not a recommendation.

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INE918K08035Nuvama Wealth Finance LimitedAA9.60%2032-12-24
INE658F08458Kerala Infrastructure Investment Fund BoardAA9.67%2031-08-08
INE540P07434U.P. Power Corporation LimitedA+9.70%2032-03-22
INE539K07346Credila Financial Services LimitedAA+9.51%2031-06-04
INE658F08425Kerala Infrastructure Investment Fund BoardAA9.49%2033-03-25
INE07PX08019SBM Bank (India) LimitedA+ NSDL record, 20229.75%2032-04-05

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