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Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD (INE121A08PX1)

ICRA AA+ Unsecured NCD

Cholamandalam Investment and Finance Company Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2032

107 more bonds from Cholamandalam Investment and Finance Company Limited →
Current YTM
9.06%
Market YTM
Coupon Rate
8.40%
Per annum
Maturity Date
25 Nov 2032
6.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

Market Position

YTM (Annual)
9.06%
Last traded 22 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+178 bps
vs 6.0Y G-Sec at 7.28%
Above the median spread for similar-tenor peers
Tenure
6.0 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
29 Jul 202622 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

25 Nov 2026
Interest Payment
₹8,400.00 / Bond
₹7,560.00 net of 10% TDS (est.)
25 Nov 2027
Interest Payment
₹8,400.00 / Bond
₹7,560.00 net of 10% TDS (est.)
25 Nov 2028
Interest Payment
₹8,400.00 / Bond
₹7,560.00 net of 10% TDS (est.)
25 Nov 2029
Interest Payment
₹8,400.00 / Bond
₹7,560.00 net of 10% TDS (est.)
25 Nov 2030
Interest Payment
₹8,400.00 / Bond
₹7,560.00 net of 10% TDS (est.)
25 Nov 2031
Interest Payment
₹8,400.00 / Bond
₹7,560.00 net of 10% TDS (est.)
25 Nov 2032
Final coupon + principal
₹1,08,400.00 / Bond
₹8,400.00 coupon + ₹1,00,000 face value

7 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 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 25 Nov 2025 Matures 25 Nov 2032

Key Metrics

Coupon Rate
8.40%
YTM (Annual)
9.06%
Credit Rating
AA+
(ICRA) · seen 28 Jun 2026
Remaining Tenure
6.0 Years
Advanced metrics
Modified Duration
4.20 Yrs
Macaulay Duration
4.58 Yrs
Issue Size
₹1,000 Cr
Face Value
₹1,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
4.20 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
22 Oct 2026
NSE OTC (WAP)
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.80 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 16 Jul 2026
Instrument Type
NCD
Issue Date
25 Nov 2025
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Issued by Cholamandalam Investment and Finance Company Limited, Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD is an unsecured, rated NCD. It pays an 8.40% p.a. coupon, annually. 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
seen on 28 Jun 2026 ICRA AA+ — Latest NSE listing
2025 CARE AA+ — NSDL record, 2025 NSDL debt master
Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →
Alert me about Cholamandalam Investment and Finance Company 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 INE121A08PX1: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-22 96.9424 9.0600 1
2026-10-21 96.6761 9.1168 —
2026-10-16 97.2888 8.9800 —
2026-10-15 97.0653 9.0300 —
2026-09-21 97.4797 8.9290 —
2026-09-15 98.0589 8.8000 —
2026-09-08 97.5946 8.9000 —
2026-08-20 97.8000 8.8478 —
2026-08-14 97.9306 8.8145 —
2026-07-29 98.9400 8.6000 1

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, ICRA 2026-06-28
Rating Actions History 0 — —
Secondary-Market Trades 10 NSE OTC (WAP) 2026-10-22
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
NSDL debt master
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.

Current Price (Clean)
₹96,942.40
YTM9.06%
Trade Date 22 Oct 2026 17d ago
SourceNSE OTC (WAP)
Accrued interest (est.) · record date unclear₹8,031.78
Dirty price (est.)₹1,04,974.18
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE121A08PX1
Issue Date
25 Nov 2025
Maturity Date
25 Nov 2032
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD?

Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD carries a coupon of 8.40%, paid annual, on a face value of ₹1,00,000.

When does Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD mature?

Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD matures on 25 Nov 2032, 6.0 years from today.

What is Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD rated?

Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD is rated AA+ by ICRA (rating dated 28 Jun 2026).

Is Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD secured?

Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD currently offer?

The last recorded trade on 22 Oct 2026 priced Cholamandalam Investment and Finance Company 8.40% Nov 2032 NCD at ₹96,942.40 per bond, implying a yield to maturity of 9.06%.

More Bonds from This Issuer

C
Cholamandalam Investment and Finance Company 9.20% Nov 2026 NCD
INE121A08NY4
AA NSDL record, 2016
Coupon
9.20%
Maturity
10 Nov 2026
C
Cholamandalam Investment and Finance Company 8.55% Nov 2026 NCD
INE121A07MZ5
AA NSDL record, 2016
Coupon
8.55%
Maturity
13 Nov 2026
C
Cholamandalam Investment and Finance Company Dec 2026 NCD
INE121A07RK6
AA+
Coupon
—
Maturity
07 Dec 2026
C
Cholamandalam Investment and Finance Company 8.50% Dec 2026 NCD
INE121A07RO8
AA+ NSDL record, 2023
Coupon
8.50%
Maturity
07 Dec 2026
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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 8.40%. For comparison only, not a recommendation.

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INE261F08AO5National Bank for Agriculture and Rural DevelopmentAAA NSDL record, 20188.47%2033-08-31
INE721A07RE6Shriram Finance LimitedAA+8.50%2032-10-18
INE2T2Q07345Hyderabad Metropolitan Development AuthorityAA+ NSDL record, 20268.50%2032-06-15
INE537P07935India Infradebt Limited—8.19%2031-12-26
INE246R07954NIIF Infrastructure Finance Limited—8.19%2032-02-19
INE306N08516Tata Capital LimitedAAA NSDL record, 20238.15%2033-07-27

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