N

National Bank for Agricultur… 6.45% Apr 2031 NCD

AAA Unsecured NCD

National Bank for Agriculture and Rural Development

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
7.43%
Market YTM
Coupon Rate
6.45%
Per annum
Maturity Date
11 Apr 2031
4.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.43%
Live, last traded 2026-07-27
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+80 bps
vs 4.6Y G-Sec at 6.63%
Below the median spread for similar-tenor peers
Tenure
4.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-01 2026-07-27
Cashflow Timeline
29 Jul 2027
Interest Payment
₹64,500.00 / Bond
29 Jul 2028
Interest Payment
₹64,500.00 / Bond
29 Jul 2029
Interest Payment
₹64,500.00 / Bond
29 Jul 2030
Interest Payment
₹64,500.00 / Bond
11 Apr 2031
Principal Payment
₹1,000,000.00 / Bond

Next 4 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 2020-07-29 Matures 2031-04-11

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

Key Metrics
Coupon Rate
6.45%
YTM (Annual)
7.43%
Credit Rating
AAA
(ICRA)
Remaining Tenure
4.6 Years
Advanced metrics
Modified Duration
3.76 Yrs
Macaulay Duration
4.04 Yrs
Issue Size
₹1,450 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
3.76 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-27
NSE OTC (WAP)
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 3.55 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2020-07-29
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

National Bank for Agriculture and Rural Development issued this rated, ncd (6.45% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BOND. NCD SERIES 21C. LETTER OF ALLOTMENT.DATE OF MATURITY 11/04/2031) carrying a 6.45% p.a. coupon, paid annual. It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-05 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-27 96.1664 7.4300 None
2026-07-23 96.1264 7.4400 None
2026-07-22 96.2174 7.4125 None
2026-07-17 96.2432 7.4034 None
2026-07-01 96.3940 7.3600 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2020-07-20
Rating Actions History 1 2026-08-05
Secondary-Market Trades 5 NSE OTC (WAP) 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 National Bank for Agricultur… 6.45% Apr 2031 NCD?

National Bank for Agricultur… 6.45% Apr 2031 NCD carries a coupon of 6.45%, paid annual, on a face value of ₹1,000,000.

When does National Bank for Agricultur… 6.45% Apr 2031 NCD mature?

National Bank for Agricultur… 6.45% Apr 2031 NCD matures on 2031-04-11, 4.6 years from today.

What is National Bank for Agricultur… 6.45% Apr 2031 NCD rated?

National Bank for Agricultur… 6.45% Apr 2031 NCD is rated AAA by ICRA. As of 2020-07-20.

Is National Bank for Agricultur… 6.45% Apr 2031 NCD secured?

National Bank for Agricultur… 6.45% Apr 2031 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does National Bank for Agricultur… 6.45% Apr 2031 NCD currently offer?

The last recorded trade on 2026-07-27 priced National Bank for Agricultur… 6.45% Apr 2031 NCD at ₹96.17, implying a yield to maturity of 7.43%.

More Bonds from This Issuer
7
National Bank for Agricult… 7.50% Aug 2026 NCD
AAA
Coupon
7.50%
Maturity
31 Aug 2026
7
National Bank for Agricult… 7.50% Aug 2026 NCD
Coupon
7.50%
Maturity
31 Aug 2026
7
National Bank for Agricult… 7.49% Oct 2026 NCD
AAA
Coupon
7.49%
Maturity
15 Oct 2026
7
National Bank for Agricult… 7.83% Dec 2026 NCD
AAA
Coupon
7.83%
Maturity
30 Dec 2026
Compare (/) Compare Bonds

← Back to screener