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Motilal Oswal Financial Services 9.70% May 2034 NCD (INE338I07123)

CRISIL AA Secured NCD

Motilal Oswal Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2034

10 more bonds from Motilal Oswal Financial Services Limited →
Current YTM
8.53%
Market YTM
Coupon Rate
9.70%
Per annum
Maturity Date
09 May 2034
7.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

Market Position

YTM (Annual)
8.53%
Last traded 4 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+117 bps
vs 7.5Y G-Sec at 7.36%
Below the median spread for similar-tenor peers
Tenure
7.5 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
6 Oct 20264 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

9 May 2027
Interest Payment
₹97.00 / Bond
₹87.30 net of 10% TDS (est.)
9 May 2028
Interest Payment
₹97.00 / Bond
₹87.30 net of 10% TDS (est.)
9 May 2029
Interest Payment
₹97.00 / Bond
₹87.30 net of 10% TDS (est.)
9 May 2030
Interest Payment
₹97.00 / Bond
₹87.30 net of 10% TDS (est.)
9 May 2031
Interest Payment
₹97.00 / Bond
₹87.30 net of 10% TDS (est.)
9 May 2032
Interest Payment
₹97.00 / Bond
₹87.30 net of 10% TDS (est.)
9 May 2033
Interest Payment
₹97.00 / Bond
₹87.30 net of 10% TDS (est.)
9 May 2034
Final coupon + principal
₹1,097.00 / Bond
₹97.00 coupon + ₹1,000 face value

8 coupons remaining, the last paid with principal at maturity · per ₹1,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Upgrade: AA+ by India Ratings on 15 Sep 2026 Issued 9 May 2024 Matures 9 May 2034

1 rating action on file since issue — hover a dot for detail.

Key Metrics

Coupon Rate
9.70%
YTM (Annual)
8.53%
Credit Rating
AA
(CRISIL) · rated 22 Jul 2026, 3 months ago
Remaining Tenure
7.5 Years

AA (CRISIL): Rated 22 Jul 2026 (3 months ago).

AA+ (India Ratings): Rated 15 Sep 2026 (54 days ago).

With more than one agency, the rating shown at the top is the lowest of those dated within the last 15 months (or the newest, when none is). How we pick it →

Advanced metrics
Modified Duration
5.05 Yrs
Macaulay Duration
5.48 Yrs
Issue Size
₹227 Cr
Face Value
₹1,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
5.05 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
4 Nov 2026
NSE CM
Trades (30 Days)
10
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 10 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.50 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
9 May 2024
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Motilal Oswal Financial Services Limited issued Motilal Oswal Financial Services 9.70% May 2034 NCD, a secured, rated NCD. It pays a 9.70% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

4 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
15 Sep 2026 India Ratings AA+ — Latest NSE filing →
22 Jul 2026 CRISIL AA — Latest NSE filing →
seen on 28 Jun 2026 CRISIL AA — Superseded NSE listing
2024 India Ratings AA — NSDL record, 2024 NSDL debt master

Rating Action History

2 actions

Agency actions on Motilal Oswal 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
2026-09-15
This bond
India Ratings Upgrade AA+ Stable NSE filing →
2026-07-22 CRISIL Upgrade AA+ Stable View →
Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on Motilal Oswal 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
2026-09-15 India Ratings Upgrade This bond AA+ / Stable NSE filing →
2026-07-22 CRISIL Upgrade AA+ / Stable View →
Alert me about Motilal Oswal 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.

Recent Market Prices

Recent BSE trades for INE338I07123: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-04 106.1764 8.5334 —
2026-11-03 104.5490 8.8264 —
2026-11-02 104.2696 8.9800 200
2026-10-30 105.3493 8.6827 —
2026-10-29 103.3909 9.0393 —
2026-10-21 105.4885 8.6602 —
2026-10-15 103.7629 8.9737 100
2026-10-13 105.0191 8.7466 901
2026-10-09 105.9074 8.5891 —
2026-10-06 105.9861 8.5761 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 4 CRISIL, India Ratings 2026-09-15
Rating Actions History 2 — 2026-09-15
Secondary-Market Trades 10 NSE CM 2026-11-04
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
NSDL debt master
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.

Current Price (Clean)
₹1,061.76
YTM8.53%
Trade Date 4 Nov 2026 4d ago
SourceNSE CM
Accrued interest (est.)₹48.90
Dirty price (est.)₹1,110.66
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE338I07123
Issue Date
9 May 2024
Maturity Date
9 May 2034
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

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Frequently Asked Questions
What is the coupon rate on Motilal Oswal Financial Services 9.70% May 2034 NCD?

Motilal Oswal Financial Services 9.70% May 2034 NCD carries a coupon of 9.70%, paid annual, on a face value of ₹1,000.

When does Motilal Oswal Financial Services 9.70% May 2034 NCD mature?

Motilal Oswal Financial Services 9.70% May 2034 NCD matures on 9 May 2034, 7.5 years from today.

What is Motilal Oswal Financial Services 9.70% May 2034 NCD rated?

Motilal Oswal Financial Services 9.70% May 2034 NCD is rated AA by CRISIL (rating dated 22 Jul 2026) and AA+ by India Ratings (rating dated 15 Sep 2026).

Is Motilal Oswal Financial Services 9.70% May 2034 NCD secured?

Motilal Oswal Financial Services 9.70% May 2034 NCD is a secured bond.

What yield does Motilal Oswal Financial Services 9.70% May 2034 NCD currently offer?

The last recorded trade on 4 Nov 2026 priced Motilal Oswal Financial Services 9.70% May 2034 NCD at ₹1,061.76 per bond, implying a yield to maturity of 8.53%.

More Bonds from This Issuer

M
Motilal Oswal Financial Services 9.10% May 2027 NCD
INE338I07149
AA
Coupon
9.10%
Maturity
09 May 2027
M
Motilal Oswal Financial Services May 2027 NCD
INE338I07099
AA
Coupon
—
Maturity
09 May 2027
M
Motilal Oswal Financial Services 8.50% Aug 2027 NCD
INE338I07180
AA
Coupon
8.50%
Maturity
06 Aug 2027
M
Motilal Oswal Financial Services 8.15% Dec 2028 NCD
INE338I07198
AA
Coupon
8.15%
Maturity
12 Dec 2028
Compare (/) Compare Bonds

Comparable NCDs maturing near 2034

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 9.70%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE532F07EI5Edelweiss Financial Services LimitedAA- NSDL record, 202310.00%2033-07-21
INE532F07EL9Edelweiss Financial Services LimitedAA- NSDL record, 202310.00%2033-10-26
INE532F07FB7Edelweiss Financial Services LimitedA+ NSDL record, 202310.00%2034-01-29
INE532F07FD3Edelweiss Financial Services LimitedA+ NSDL record, 202410.00%2034-04-29
INE140A07773Piramal Finance LimitedAA9.35%2033-11-03
INE148I07PV3Sammaan Capital LimitedAA NSDL record, 202310.25%2033-09-26

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