I

Incred Financial Services 8.60% Mar 2028 NCD

AA Secured NCD

Incred Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
9.29%
Market YTM
Coupon Rate
8.60%
Per annum
Maturity Date
06 Mar 2028
1.5 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
9.29%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+351 bps
vs 1.5Y G-Sec at 5.78%
Above the median spread for similar-tenor peers
Tenure
1.5 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-10 2026-08-27
Cashflow Timeline
26 Nov 2026
Interest Payment
₹2,150.00 / Bond
26 Feb 2027
Interest Payment
₹2,150.00 / Bond
26 May 2027
Interest Payment
₹2,150.00 / Bond
26 Aug 2027
Interest Payment
₹2,150.00 / Bond
26 Nov 2027
Interest Payment
₹2,150.00 / Bond
26 Feb 2028
Interest Payment
₹2,150.00 / Bond
6 Mar 2028
Principal Payment
₹100,000.00 / Bond

Next 6 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 2026-02-26 Matures 2028-03-06

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

Key Metrics
Coupon Rate
8.60%
YTM (Annual)
9.29%
Credit Rating
AA
(ICRA)
Remaining Tenure
1.5 Years
Advanced metrics
Modified Duration
1.38 Yrs
Macaulay Duration
1.41 Yrs
Issue Size
₹200 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.38 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
2026-08-27
BSE
Trades (30 Days)
14
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 14 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.40 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 6 Aug 2026
Instrument Type
NCD
Issue Date
2026-02-26
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Incred Financial Services Limited, IFSL-8.6%-6-3-28-PVT is a secured, rated, ncd paying a 8.60% p.a. coupon quarterly. 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
2026-08-27 99.4500 9.2900 1
2026-08-25 99.5700 9.2000 1
2026-08-24 99.5100 9.2500 1
2026-08-19 99.3800 9.3500 1
2026-08-17 100.3200 8.6400 2
2026-08-14 100.3800 8.6000 1
2026-08-13 100.0220 9.6064 1
2026-08-12 100.0020 8.8800 None
2026-08-11 100.2600 8.7000 2
2026-08-10 99.1500 9.5000 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2026-03-31
Rating Actions History 7 2026-08-21
Secondary-Market Trades 10 BSE 2026-08-27
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
6 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
What is the coupon rate on Incred Financial Services 8.60% Mar 2028 NCD?

Incred Financial Services 8.60% Mar 2028 NCD carries a coupon of 8.60%, paid quarterly, on a face value of ₹100,000.

When does Incred Financial Services 8.60% Mar 2028 NCD mature?

Incred Financial Services 8.60% Mar 2028 NCD matures on 2028-03-06, 1.5 years from today.

What is Incred Financial Services 8.60% Mar 2028 NCD rated?

Incred Financial Services 8.60% Mar 2028 NCD is rated AA by ICRA. As of 2026-03-31.

Is Incred Financial Services 8.60% Mar 2028 NCD secured?

Incred Financial Services 8.60% Mar 2028 NCD is a secured bond.

Where does Incred Financial Services 8.60% Mar 2028 NCD trade?

Incred Financial Services 8.60% Mar 2028 NCD is listed on BSE.

What yield does Incred Financial Services 8.60% Mar 2028 NCD currently offer?

The last recorded trade on 2026-08-27 priced Incred Financial Services 8.60% Mar 2028 NCD at ₹99.45, implying a yield to maturity of 9.29%.

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