I

Incred Financial Services 9.00% Aug 2028 NCD

AA Secured NCD

Incred Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
9.40%
Market YTM
Coupon Rate
9.00%
Per annum
Maturity Date
14 Aug 2028
2.0 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
9.40%
Live, last traded 2026-08-20
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+450 bps
vs 2.0Y G-Sec at 4.90%
Above the median spread for similar-tenor peers
Tenure
2.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-25 2026-08-20
Cashflow Timeline
18 Nov 2026
Interest Payment
₹2,250.00 / Bond
18 Feb 2027
Interest Payment
₹2,250.00 / Bond
18 May 2027
Interest Payment
₹2,250.00 / Bond
18 Aug 2027
Interest Payment
₹2,250.00 / Bond
18 Nov 2027
Interest Payment
₹2,250.00 / Bond
18 Feb 2028
Interest Payment
₹2,250.00 / Bond
18 May 2028
Interest Payment
₹2,250.00 / Bond
14 Aug 2028
Principal Payment
₹100,000.00 / Bond

Next 7 coupons + principal at maturity · per ₹100,000 face value

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 2026-02-18 Matures 2028-08-14

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

Key Metrics
Coupon Rate
9.00%
YTM (Annual)
9.40%
Credit Rating
AA
(ICRA)
Remaining Tenure
2.0 Years
Advanced metrics
Modified Duration
1.77 Yrs
Macaulay Duration
1.81 Yrs
Issue Size
₹60 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.77 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
2026-08-20
NSE OTC (WAP)
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.00 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2026-02-18
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Incred Financial Services Limited issued this secured, rated, ncd (IFSL-9%-14-8-28-PVT) carrying a 9.00% p.a. coupon, paid quarterly. It 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
2026-08-20 99.6545 9.3954 2
2026-08-11 99.5900 9.1000 1
2026-07-27 99.5276 9.5751 None
2026-07-24 99.5276 9.5800 None
2026-07-23 100.1552 9.1939 None
2026-07-22 99.4669 9.6086 None
2026-07-21 99.9200 9.3700 2
2026-07-09 99.4698 9.6180 None
2026-07-08 98.4669 10.1748 None
2026-06-25 99.9400 9.3500 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2026-02-28
Rating Actions History 7 2026-08-21
Secondary-Market Trades 10 NSE OTC (WAP) 2026-08-20
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 2026

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Frequently Asked Questions
What is the coupon rate on Incred Financial Services 9.00% Aug 2028 NCD?

Incred Financial Services 9.00% Aug 2028 NCD carries a coupon of 9.00%, paid quarterly, on a face value of ₹100,000.

When does Incred Financial Services 9.00% Aug 2028 NCD mature?

Incred Financial Services 9.00% Aug 2028 NCD matures on 2028-08-14, 2.0 years from today.

What is Incred Financial Services 9.00% Aug 2028 NCD rated?

Incred Financial Services 9.00% Aug 2028 NCD is rated AA by ICRA. As of 2026-02-28.

Is Incred Financial Services 9.00% Aug 2028 NCD secured?

Incred Financial Services 9.00% Aug 2028 NCD is a secured bond.

Where does Incred Financial Services 9.00% Aug 2028 NCD trade?

Incred Financial Services 9.00% Aug 2028 NCD is listed on BSE.

What yield does Incred Financial Services 9.00% Aug 2028 NCD currently offer?

The last recorded trade on 2026-08-20 priced Incred Financial Services 9.00% Aug 2028 NCD at ₹99.65, implying a yield to maturity of 9.40%.

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