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Incred Financial Services May 2028 NCD (INE321N07640)

ICRA PP-MLD AA- Secured NCD

Incred Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

38 more bonds from Incred Financial Services Limited →
Current YTM
—
No market YTM available
Coupon Rate
Market-linked
Payout depends on a market index
Maturity Date
30 May 2028
1.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,000
Per Bond

Market Position

YTM (Annual)
—
No trade with a usable price on record
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Tenure
1.6 Years
Remaining to maturity

Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.

Showing last 10 trades.

Cashflow Timeline

Payout linked to a market index

Principal and the index-linked payout are due on 30 May 2028; the amount depends on the index and is not known in advance, so no schedule is projected.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 30 Mar 2026 Matures 30 May 2028

Key Metrics

Coupon Rate
—
YTM (Annual)
—
Credit Rating
PP-MLD AA-
(ICRA) · rated 30 Apr 2026, 6 months ago
Remaining Tenure
1.6 Years

PP-MLD AA- (ICRA): Rated 30 Apr 2026 (6 months ago). PP-MLD: Principal-protected market-linked debenture: the rating covers the issuer's credit risk, not the market-linked part of the payout.

Advanced metrics
Modified Duration
—
Macaulay Duration
—
Issue Size
₹100 Cr
Minimum Investment
₹1,00,000
1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
—
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
—
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.

Structured Overview

Data as of 7 Nov 2026
Instrument Type
NCD
Issue Date
30 Mar 2026
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Incred Financial Services May 2028 NCD is a secured, rated NCD issued by Incred Financial Services Limited. Its payout is linked to a market index, so it has no fixed coupon. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
30 Apr 2026 ICRA PP-MLD AA- — Latest BSE listing
2026 CRISIL AA- — NSDL record, 2026 NSDL debt master

Rating Action History

5 actions

Agency actions on Incred Financial Services Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

DateAgencyActionRatingOutlookRationale
2026-10-01 CRISIL Reaffirm AA- Stable View →
2026-09-24 CRISIL Update — — View →
2026-09-24 CRISIL Update — — View →
2026-09-16 CRISIL Update — — View →
2026-07-13 CRISIL Initial AA- Stable View →
Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on Incred Financial Services Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

DateAgencyActionRatingRationale
2026-10-01 CRISIL Reaffirm AA- / Stable View →
2026-09-24 CRISIL Update — View →
2026-09-16 CRISIL Update — View →
2026-07-13 CRISIL Initial AA- / Stable View →
Alert me about Incred Financial Services Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2026-04-30
Rating Actions History 5 — 2026-10-01
Secondary-Market Trades 0 — —
Reg52(4) Payment Disclosures 0 — —
  • No secondary-market trade with a usable price on record, so no market yield or spread is shown.

Documents

Entity metadata
Source
NSDL debt master
Last Updated
7 Nov 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.

Current Price (Clean)
—

No recent trade data available

View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE321N07640
Issue Date
30 Mar 2026
Maturity Date
30 May 2028
Listing
BSE
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
When does Incred Financial Services May 2028 NCD mature?

Incred Financial Services May 2028 NCD matures on 30 May 2028, 1.6 years from today.

What is Incred Financial Services May 2028 NCD rated?

Incred Financial Services May 2028 NCD is rated AA- by ICRA (rating dated 30 Apr 2026).

Is Incred Financial Services May 2028 NCD secured?

Incred Financial Services May 2028 NCD is a secured bond.

Where does Incred Financial Services May 2028 NCD trade?

Incred Financial Services May 2028 NCD is listed on BSE.

More Bonds from This Issuer

I
Incred Financial Services 9.84% Nov 2026 NCD
INE321N07376
A+ NSDL record, 2023
Coupon
9.84%
Maturity
10 Nov 2026
I
Incred Financial Services 10.30% Nov 2026 NCD
INE321N07368
A+ NSDL record, 2023
Coupon
10.30%
Maturity
10 Nov 2026
I
Incred Financial Services 9.50% Dec 2026 NCD
INE321N07483
AA-
Coupon
9.50%
Maturity
11 Dec 2026
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Incred Financial Services 9.50% Dec 2026 NCD
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Coupon
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Maturity
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