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National Bank for Agricultur… 8.98% Oct 2033 NCD

AAA Unsecured NCD

National Bank for Agriculture and Rural Development

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2033

Current YTM
7.66%
Market YTM
Coupon Rate
8.98%
Per annum
Maturity Date
14 Oct 2033
7.1 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.66%
Live, last traded 2026-08-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+101 bps
vs 7.1Y G-Sec at 6.65%
Below the median spread for similar-tenor peers
Tenure
7.1 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-25 2026-08-24
Cashflow Timeline
15 Oct 2026
Interest Payment
₹89,800.00 / Bond
15 Oct 2027
Interest Payment
₹89,800.00 / Bond
15 Oct 2028
Interest Payment
₹89,800.00 / Bond
15 Oct 2029
Interest Payment
₹89,800.00 / Bond
15 Oct 2030
Interest Payment
₹89,800.00 / Bond
15 Oct 2031
Interest Payment
₹89,800.00 / Bond
15 Oct 2032
Interest Payment
₹89,800.00 / Bond
14 Oct 2033
Principal Payment
₹1,000,000.00 / Bond

Next 7 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-05 Issued 2018-10-15 Matures 2033-10-14

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

Key Metrics
Coupon Rate
8.98%
YTM (Annual)
7.66%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
7.1 Years
Advanced metrics
Modified Duration
4.87 Yrs
Macaulay Duration
5.24 Yrs
Issue Size
₹2,924 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
4.87 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-24
BSE
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Unsecured
Callable
Observations
  • This bond is unsecured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.02 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
2018-10-15
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

8.98% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLEE BONDS. SERIES LTIF 3A. DATE OF MATURITY 14/10/2033 is a rated, redeemable ncd issued by National Bank for Agriculture and Rural Development. The bond offers a fixed coupon of 8.98% p.a. with annual interest payments and repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-05 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-24 107.0100 7.6600 2
2026-08-20 104.4100 7.7300 1
2026-06-25 108.8078 7.3600 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2018-10-04
Rating Actions History 1 2026-08-05
Secondary-Market Trades 3 BSE 2026-08-24
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 National Bank for Agricultur… 8.98% Oct 2033 NCD?

National Bank for Agricultur… 8.98% Oct 2033 NCD carries a coupon of 8.98%, paid annual, on a face value of ₹1,000,000.

When does National Bank for Agricultur… 8.98% Oct 2033 NCD mature?

National Bank for Agricultur… 8.98% Oct 2033 NCD matures on 2033-10-14, 7.1 years from today.

What is National Bank for Agricultur… 8.98% Oct 2033 NCD rated?

National Bank for Agricultur… 8.98% Oct 2033 NCD is rated AAA by CRISIL. As of 2018-10-04.

Is National Bank for Agricultur… 8.98% Oct 2033 NCD secured?

National Bank for Agricultur… 8.98% Oct 2033 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can National Bank for Agricultur… 8.98% Oct 2033 NCD be called or put back early?

National Bank for Agricultur… 8.98% Oct 2033 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 National Bank for Agricultur… 8.98% Oct 2033 NCD currently offer?

The last recorded trade on 2026-08-24 priced National Bank for Agricultur… 8.98% Oct 2033 NCD at ₹107.01, implying a yield to maturity of 7.66%.

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