I

Indian Renewable Energy Deve… 7.49% Jan 2031 NCD

AA+ Secured NCD

Indian Renewable Energy Development Agency Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2031

Current YTM
5.07%
Market YTM
Coupon Rate
7.49%
Per annum
Maturity Date
21 Jan 2031
4.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
5.07%
Live, last traded 2026-07-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-167 bps
vs 4.4Y G-Sec at 6.74%
Below the median spread for similar-tenor peers
Tenure
4.4 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-01 2026-07-27
Cashflow Timeline
21 Jan 2027
Interest Payment
₹74.90 / Bond
21 Jan 2028
Interest Payment
₹74.90 / Bond
21 Jan 2029
Interest Payment
₹74.90 / Bond
21 Jan 2030
Interest Payment
₹74.90 / Bond
21 Jan 2031
Principal Payment
₹1,000.00 / Bond

Next 4 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2016-01-21 Matures 2031-01-21
Key Metrics
Coupon Rate
7.49%
YTM (Annual)
5.07%
Credit Rating
AA+
(ICRA)
Remaining Tenure
4.4 Years
Advanced metrics
Modified Duration
3.60 Yrs
Macaulay Duration
3.78 Yrs
Issue Size
₹884 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
3.60 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-27
BSE
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 2.51 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
2016-01-21
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

7.49% SECURED REDEEMABLE NON-CONVERTIBLE TAXFREE BOND. TRANCHE I. SERIES 2A. LETTER OF ALLOTMENT. DATE OF MATURITY 21/01/2031 is a secured, rated, redeemable ncd issued by Indian Renewable Energy Development Agency Limited. The bond offers a fixed coupon of 7.49% p.a. with annual interest payments and repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-27 109.4400 5.0700 2
2026-07-23 109.2900 5.1100 1
2026-07-17 108.8100 5.2300 1
2026-07-08 109.0344 5.2437 None
2026-07-01 108.9000 5.2300 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2015-12-30
Rating Actions History 0
Secondary-Market Trades 5 BSE 2026-07-27
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 Indian Renewable Energy Deve… 7.49% Jan 2031 NCD?

Indian Renewable Energy Deve… 7.49% Jan 2031 NCD carries a coupon of 7.49%, paid annual, on a face value of ₹1,000.

When does Indian Renewable Energy Deve… 7.49% Jan 2031 NCD mature?

Indian Renewable Energy Deve… 7.49% Jan 2031 NCD matures on 2031-01-21, 4.4 years from today.

What is Indian Renewable Energy Deve… 7.49% Jan 2031 NCD rated?

Indian Renewable Energy Deve… 7.49% Jan 2031 NCD is rated AA+ by ICRA. As of 2015-12-30.

Is Indian Renewable Energy Deve… 7.49% Jan 2031 NCD secured?

Indian Renewable Energy Deve… 7.49% Jan 2031 NCD is a secured bond.

Can Indian Renewable Energy Deve… 7.49% Jan 2031 NCD be called or put back early?

Indian Renewable Energy Deve… 7.49% Jan 2031 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

What yield does Indian Renewable Energy Deve… 7.49% Jan 2031 NCD currently offer?

The last recorded trade on 2026-07-27 priced Indian Renewable Energy Deve… 7.49% Jan 2031 NCD at ₹109.44, implying a yield to maturity of 5.07%.

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