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PNB Metlife India Insurance Company 8.12% Jan 2032 NCD (INE207O08019)

ICRA AA+ Unsecured NCD

PNB Metlife India Insurance Company Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2032

Current YTM
—
No market YTM available
Coupon Rate
8.12%
Per annum
Maturity Date
27 Jan 2032
5.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹10,00,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 6 Nov 2026 Rating upgraded to AAA CRISIL

Market Position

YTM (Annual)
—
No trade with a usable price on record
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Tenure
5.2 Years
Remaining to maturity

Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.

Showing last 10 trades.

Cashflow Timeline

27 Jan 2027
Interest Payment
₹81,200.00 / Bond
₹73,080.00 net of 10% TDS (est.)
27 Jan 2028
Interest Payment
₹81,200.00 / Bond
₹73,080.00 net of 10% TDS (est.)
27 Jan 2029
Interest Payment
₹81,200.00 / Bond
₹73,080.00 net of 10% TDS (est.)
27 Jan 2030
Interest Payment
₹81,200.00 / Bond
₹73,080.00 net of 10% TDS (est.)
27 Jan 2031
Interest Payment
₹81,200.00 / Bond
₹73,080.00 net of 10% TDS (est.)
27 Jan 2032
Final coupon + principal
₹10,81,200.00 / Bond
₹81,200.00 coupon + ₹10,00,000 face value

6 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) ● Rating action ┊ Today
Today Reaffirmed: AA+ by ICRA on 5 Nov 2026 Issued 27 Jan 2022 Matures 27 Jan 2032

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

Key Metrics

Coupon Rate
8.12%
YTM (Annual)
—
Credit Rating
AA+
(ICRA) · rated 5 Nov 2026, 3 days ago
Remaining Tenure
5.2 Years

AA+ (ICRA): Rated 5 Nov 2026 (3 days ago).

AAA (CRISIL): Rated 6 Nov 2026 (2 days ago).

With more than one agency, the rating shown at the top is the lowest of those dated within the last 15 months (or the newest, when none is). How we pick it →

Advanced metrics
Modified Duration
3.88 Yrs
Macaulay Duration
4.20 Yrs
Issue Size
₹400 Cr
Face Value
₹10,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
3.88 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
—
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
Callable

Observations

  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 2.08 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
27 Jan 2022
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
Callable

PNB Metlife India Insurance Company Limited issued PNB Metlife India Insurance Company 8.12% Jan 2032 NCD, an unsecured, rated NCD. It pays an 8.12% p.a. coupon, annually. Principal is repaid at maturity. The issuer holds the right to redeem it before the maturity date.

Rating Timeline

3 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
6 Nov 2026 CRISIL AAA — Latest NSE filing →
5 Nov 2026 ICRA AA+ — Latest NSE filing →
2022 ICRA AA+ — NSDL record, 2022 NSDL debt master

Rating Action History

2 actions

Agency actions on PNB Metlife India Insurance Company Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

DateAgencyActionRatingOutlookRationale
2026-11-06 CRISIL Upgrade AAA Stable View →
2026-11-05
This bond
ICRA Reaffirm AA+ Stable NSE filing →
Issuer health card · ratings, payment record, defaults, trading, filings 2 items to look at →

Rating Actions on PNB Metlife India Insurance Company Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

DateAgencyActionRatingRationale
2026-11-06 CRISIL Upgrade AAA / Stable View →
2026-11-05 ICRA Reaffirm This bond AA+ / Stable NSE filing →
Alert me about PNB Metlife India Insurance 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.

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 3 CRISIL, ICRA 2026-11-06
Rating Actions History 2 — 2026-11-06
Secondary-Market Trades 0 — —
Reg52(4) Payment Disclosures 0 — —
  • No secondary-market trade with a usable price on record, so no market yield or spread is shown.

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)
—

No recent trade data available

View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE207O08019
Issue Date
27 Jan 2022
Maturity Date
27 Jan 2032
Listing
—
Payment Frequency
Annual
Put / Call Option
Call
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

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Frequently Asked Questions
What is the coupon rate on PNB Metlife India Insurance Company 8.12% Jan 2032 NCD?

PNB Metlife India Insurance Company 8.12% Jan 2032 NCD carries a coupon of 8.12%, paid annual, on a face value of ₹10,00,000.

When does PNB Metlife India Insurance Company 8.12% Jan 2032 NCD mature?

PNB Metlife India Insurance Company 8.12% Jan 2032 NCD matures on 27 Jan 2032, 5.2 years from today.

What is PNB Metlife India Insurance Company 8.12% Jan 2032 NCD rated?

PNB Metlife India Insurance Company 8.12% Jan 2032 NCD is rated AA+ by ICRA (rating dated 5 Nov 2026) and AAA by CRISIL (rating dated 6 Nov 2026).

Is PNB Metlife India Insurance Company 8.12% Jan 2032 NCD secured?

PNB Metlife India Insurance Company 8.12% Jan 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can PNB Metlife India Insurance Company 8.12% Jan 2032 NCD be called or put back early?

PNB Metlife India Insurance Company 8.12% Jan 2032 NCD is callable -- the issuer may redeem it before maturity on scheduled call dates.

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 8.12%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE860H07ID8Aditya Birla Capital LimitedAAA8.12%2032-11-18
INE514E08FC4Export Import Bank of IndiaAAA NSDL record, 20168.12%2031-04-25
INE572E07316PNB Housing Finance Limited—8.13%2031-09-17
INE0DBJ07242Mizuho Capsave Finance Private LimitedAAA8.10%2031-07-14
INE246R07939NIIF Infrastructure Finance Limited—8.10%2031-11-20
INE165U08024Nabkisan Finance Limited—8.10%2031-09-29

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