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Cholamandalam Investment and… 8.60% Dec 2028 NCD

AA+ Secured NCD

Cholamandalam Investment and Finance Company Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
7.62%
Market YTM
Coupon Rate
8.60%
Per annum
Maturity Date
07 Dec 2028
2.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
7.62%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+325 bps
vs 2.3Y G-Sec at 4.37%
Above the median spread for similar-tenor peers
Tenure
2.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-15 2026-08-27
Cashflow Timeline
7 Dec 2026
Interest Payment
₹86.00 / Bond
7 Dec 2027
Interest Payment
₹86.00 / Bond
7 Dec 2028
Principal Payment
₹1,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Reaffirmed: by CRISIL on 2026-08-06 Reaffirmed: by CRISIL on 2026-08-05 Initial rating: AAA by CRISIL on 2026-08-03 Issued 2023-12-07 Matures 2028-12-07

3 rating actions on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
8.60%
YTM (Annual)
7.62%
Credit Rating
AA+
(INDIA_RATINGS)
Remaining Tenure
2.3 Years
Advanced metrics
Modified Duration
1.90 Yrs
Macaulay Duration
2.04 Yrs
Issue Size
₹447 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
1.90 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-27
NSE CM
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 1.40 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
2023-12-07
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Issued by Cholamandalam Investment and Finance Company Limited, 8.60% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES 5 TRANCHE III DATE OF MATURITY 07/12/2028 is a secured, rated, ncd paying a 8.60% p.a. coupon annual. The instrument repays principal on maturity.

Rating Action History 3 actions
DateAgencyActionRatingOutlookRationale
2026-08-06 CRISIL Reaffirm View →
2026-08-05 CRISIL Reaffirm View →
2026-08-03 CRISIL Initial AAA View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 102.0000 7.6174 None
2026-07-27 101.2257 7.9650 1
2026-07-16 101.1426 8.0100 1
2026-07-15 100.8453 8.1500 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 INDIA_RATINGS 2023-11-01
Rating Actions History 3 2026-08-06
Secondary-Market Trades 4 NSE CM 2026-08-27
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 Cholamandalam Investment and… 8.60% Dec 2028 NCD?

Cholamandalam Investment and… 8.60% Dec 2028 NCD carries a coupon of 8.60%, paid annual, on a face value of ₹1,000.

When does Cholamandalam Investment and… 8.60% Dec 2028 NCD mature?

Cholamandalam Investment and… 8.60% Dec 2028 NCD matures on 2028-12-07, 2.3 years from today.

What is Cholamandalam Investment and… 8.60% Dec 2028 NCD rated?

Cholamandalam Investment and… 8.60% Dec 2028 NCD is rated AA+ by INDIA_RATINGS. As of 2023-11-01.

Is Cholamandalam Investment and… 8.60% Dec 2028 NCD secured?

Cholamandalam Investment and… 8.60% Dec 2028 NCD is a secured bond.

What yield does Cholamandalam Investment and… 8.60% Dec 2028 NCD currently offer?

The last recorded trade on 2026-08-27 priced Cholamandalam Investment and… 8.60% Dec 2028 NCD at ₹102.00, implying a yield to maturity of 7.62%.

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Cholamandalam Investment a… ZC Sep 2026 NCD
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Coupon
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Cholamandalam Investment a… 7.50% Sep 2026 NCD
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Maturity
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Coupon
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