I

Incred Financial Services 9.00% Dec 2028 NCD

AA- Secured NCD

Incred Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
9.41%
Market YTM
Coupon Rate
9.00%
Per annum
Maturity Date
05 Dec 2028
2.3 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
9.41%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+504 bps
vs 2.3Y G-Sec at 4.37%
Top 21% of similar-tenor peers by spread
Tenure
2.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-30 2026-08-27
Cashflow Timeline
3 Sep 2026
Interest Payment
₹2,250.00 / Bond
3 Dec 2026
Interest Payment
₹2,250.00 / Bond
3 Mar 2027
Interest Payment
₹2,250.00 / Bond
3 Jun 2027
Interest Payment
₹2,250.00 / Bond
3 Sep 2027
Interest Payment
₹2,250.00 / Bond
3 Dec 2027
Interest Payment
₹2,250.00 / Bond
3 Mar 2028
Interest Payment
₹2,250.00 / Bond
3 Jun 2028
Interest Payment
₹2,250.00 / Bond
5 Dec 2028
Principal Payment
₹100,000.00 / Bond

Next 8 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 2026-06-03 Matures 2028-12-05

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

Key Metrics
Coupon Rate
9.00%
YTM (Annual)
9.41%
Credit Rating
AA-
(CRISIL)
Remaining Tenure
2.3 Years
Advanced metrics
Modified Duration
1.99 Yrs
Macaulay Duration
2.03 Yrs
Issue Size
₹150 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.99 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
2026-08-27
BSE
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 3 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 16 Jul 2026
Instrument Type
NCD
Issue Date
2026-06-03
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Incred Financial Services Limited issued this secured, rated, ncd (9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 05/12/2028) 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
2026-08-27 99.8200 9.4100 2
2026-08-18 100.5900 9.0000 1
2026-07-31 98.6400 10.0100 3
2026-07-22 99.8100 9.4000 1
2026-07-20 100.6100 9.0000 1
2026-07-10 100.1100 9.2500 1
2026-06-30 100.0100 9.3000 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2026-05-19
Rating Actions History 7 2026-08-21
Secondary-Market Trades 7 BSE 2026-08-27
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 Incred Financial Services 9.00% Dec 2028 NCD?

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

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

Incred Financial Services 9.00% Dec 2028 NCD matures on 2028-12-05, 2.3 years from today.

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

Incred Financial Services 9.00% Dec 2028 NCD is rated AA- by CRISIL. As of 2026-05-19.

Is Incred Financial Services 9.00% Dec 2028 NCD secured?

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

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

The last recorded trade on 2026-08-27 priced Incred Financial Services 9.00% Dec 2028 NCD at ₹99.82, implying a yield to maturity of 9.41%.

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Maturity
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