I

Incred Financial Services ZC Feb 2028 NCD

AA+ / Stable Secured NCD

Incred Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
21.97%
Market YTM
Coupon Rate
Per annum
Maturity Date
11 Feb 2028
1.5 Yrs to Maturity
Interest Payment
At Maturity
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
21.97%
Live, last traded 2026-08-05
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+1619 bps
vs 1.5Y G-Sec at 5.78%
Top 1% of similar-tenor peers by spread
Tenure
1.5 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-10 2026-08-05
Cashflow Timeline

Single payment at maturity

Zero-coupon / bullet bond — principal repaid on 2028-02-11.
Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: AA by CRISIL on 2026-08-21 Initial rating: AA by CRISIL on 2026-08-06 Initial rating: AA by CRISIL on 2026-08-05 Initial rating: AA by CRISIL on 2026-07-13 Initial rating: AA by CRISIL on 2026-07-03 Rating action: AA by CRISIL on 2026-06-25 Rating action: AA by CRISIL on 2026-06-16 Issued 2025-12-12 Matures 2028-02-11

7 rating actions on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
YTM (Annual)
21.97%
Credit Rating
AA+
(CRISIL)
Remaining Tenure
1.5 Years
Advanced metrics
Modified Duration
Macaulay Duration
Issue Size
₹100 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
Price sensitivity per 1% yield move
Payment Frequency
At Maturity
Last Trade
2026-08-05
BSE
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 1 secondary-market trade recorded in the last 30 days.
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2025-12-12
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Incred Financial Services Limited, IFSL-NIFTY-50-INDEX-11-2-28-PVT is a secured, rated, ncd paying a 0.00% p.a. coupon at maturity. The instrument repays principal on maturity.

Rating Action History 7 actions
DateAgencyActionRatingOutlookRationale
2026-08-21 CRISIL Other AA View →
2026-08-06 CRISIL Initial AA View →
2026-08-05 CRISIL Initial AA View →
2026-07-13 CRISIL Initial AA Stable View →
2026-07-03 CRISIL Initial AA View →
2026-06-25 CRISIL Other AA View →
2026-06-16 CRISIL Other AA View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-05 95.8300 21.9700 1
2026-07-27 93.6500 23.2800 1
2026-07-10 95.5800 13.4200 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-12-31
Rating Actions History 7 2026-08-21
Secondary-Market Trades 3 BSE 2026-08-05
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 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
When does Incred Financial Services ZC Feb 2028 NCD mature?

Incred Financial Services ZC Feb 2028 NCD matures on 2028-02-11, 1.5 years from today.

What is Incred Financial Services ZC Feb 2028 NCD rated?

Incred Financial Services ZC Feb 2028 NCD is rated AA+ by CRISIL. As of 2025-12-31.

Is Incred Financial Services ZC Feb 2028 NCD secured?

Incred Financial Services ZC Feb 2028 NCD is a secured bond.

Where does Incred Financial Services ZC Feb 2028 NCD trade?

Incred Financial Services ZC Feb 2028 NCD is listed on BSE.

What yield does Incred Financial Services ZC Feb 2028 NCD currently offer?

The last recorded trade on 2026-08-05 priced Incred Financial Services ZC Feb 2028 NCD at ₹95.83, implying a yield to maturity of 21.97%.

More Bonds from This Issuer
I
Incred Financial Services 9.50% Sep 2026 NCD
AA
Coupon
9.50%
Maturity
18 Sep 2026
N
Incred Financial Services ZC Oct 2026 NCD
A+
Coupon
Maturity
12 Oct 2026
I
Incred Financial Services 9.50% Oct 2026 NCD
AA
Coupon
9.50%
Maturity
29 Oct 2026
9
Incred Financial Services 9.84% Nov 2026 NCD
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Coupon
9.84%
Maturity
10 Nov 2026
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