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MAS Financial Services 9.00% Dec 2028 NCD (INE348L07415)

CARE AA- / Stable Secured NCD

MAS Financial Services Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

29 more bonds from MAS Financial Services Limited →
Current YTM
9.50%
Market YTM
Coupon Rate
9.00%
Per annum
Maturity Date
18 Dec 2028
2.1 Yrs to Maturity
Interest Payment
Monthly
Frequency
Face Value
₹10,000
Per Bond

Issuer events

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

Market Position

YTM (Annual)
9.50%
Last traded 6 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+256 bps
vs 2.1Y G-Sec at 6.94%
Above the median spread for similar-tenor peers
Tenure
2.1 Years
Remaining to maturity

Price vs Yield

— Price (Clean)
26 Oct 20266 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

27 Nov 2026
Interest Payment
₹75.00 / Bond
₹67.50 net of 10% TDS (est.)
27 Dec 2026
Interest Payment
₹75.00 / Bond
₹67.50 net of 10% TDS (est.)
27 Jan 2027
Interest Payment
₹75.00 / Bond
₹67.50 net of 10% TDS (est.)
27 Feb 2027
Interest Payment
₹75.00 / Bond
₹67.50 net of 10% TDS (est.)
27 Mar 2027
Interest Payment
₹75.00 / Bond
₹67.50 net of 10% TDS (est.)
27 Apr 2027
Interest Payment
₹75.00 / Bond
₹67.50 net of 10% TDS (est.)
27 May 2027
Interest Payment
₹75.00 / Bond
₹67.50 net of 10% TDS (est.)
27 Jun 2027
Interest Payment
₹75.00 / Bond
₹67.50 net of 10% TDS (est.)
…
+17 more coupons until 27 Nov 2028
₹75.00 each / Bond
18 Dec 2028
Final coupon (part period) + principal
₹10,052.50 / Bond
₹52.50 coupon + ₹10,000 face value

26 coupons remaining, the last paid with principal at maturity · per ₹10,000 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) ┊ Today
Today Issued 27 Jul 2026 Matures 18 Dec 2028

Key Metrics

Coupon Rate
9.00%
YTM (Annual)
9.50%
Credit Rating
AA-
(CARE) · rated 31 Jul 2026, 3 months ago
Remaining Tenure
2.1 Years
Advanced metrics
Modified Duration
1.90 Yrs
Macaulay Duration
1.92 Yrs
Issue Size
₹150 Cr
Minimum Investment
₹10,000
1 bond × ₹10,000 face value (BSE market lot)

Market Characteristics

Modified Duration
1.90 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Monthly
Last Trade
6 Nov 2026
BSE
Trades (30 Days)
21
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 21 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.20 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 7 Nov 2026
Instrument Type
NCD
Issue Date
27 Jul 2026
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by MAS Financial Services Limited, MAS Financial Services 9.00% Dec 2028 NCD is a secured, rated NCD. It pays a 9.00% p.a. coupon, monthly. Principal is repaid at maturity.

Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →
Alert me about MAS 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 INE348L07415: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-06 99.7700 9.5000 2
2026-11-05 99.8400 9.4600 2
2026-11-04 99.7700 9.5000 3
2026-11-03 100.1400 9.2900 7
2026-11-02 99.7700 9.5000 8
2026-10-30 99.6855 — 1
2026-10-29 99.8182 9.4870 3
2026-10-28 99.7600 9.5000 4
2026-10-27 100.3000 9.4000 1
2026-10-26 99.8500 9.4500 1

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2026-07-31
Rating Actions History 0 — —
Secondary-Market Trades 10 BSE 2026-11-06
Reg52(4) Payment Disclosures 0 — —

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)
₹9,977.00
YTM9.50%
Trade Date 6 Nov 2026 1 day ago
SourceBSE
Accrued interest (est.) · record date unclear₹50.81
Dirty price (est.)₹10,027.81
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE348L07415
Issue Date
27 Jul 2026
Maturity Date
18 Dec 2028
Listing
BSE
Payment Frequency
Monthly
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on MAS Financial Services 9.00% Dec 2028 NCD?

MAS Financial Services 9.00% Dec 2028 NCD carries a coupon of 9.00%, paid monthly, on a face value of ₹10,000.

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

MAS Financial Services 9.00% Dec 2028 NCD matures on 18 Dec 2028, 2.1 years from today.

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

MAS Financial Services 9.00% Dec 2028 NCD is rated AA- by CARE (rating dated 31 Jul 2026).

Is MAS Financial Services 9.00% Dec 2028 NCD secured?

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

Where does MAS Financial Services 9.00% Dec 2028 NCD trade?

MAS Financial Services 9.00% Dec 2028 NCD is listed on BSE.

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

The last recorded trade on 6 Nov 2026 priced MAS Financial Services 9.00% Dec 2028 NCD at ₹9,977.00 per bond, implying a yield to maturity of 9.50%.

More Bonds from This Issuer

M
MAS Financial Services 8.35% Nov 2026 NCD
INE348L07308
AA-
Coupon
8.35%
Maturity
16 Nov 2026
M
MAS Financial Services 9.60% Dec 2026 NCD
INE348L07241
AA-
Coupon
9.60%
Maturity
23 Dec 2026
M
MAS Financial Services 9.75% Dec 2026 NCD
INE348L07266
AA-
Coupon
9.75%
Maturity
30 Dec 2026
M
MAS Financial Services 9.60% Feb 2027 NCD
INE348L07274
AA-
Coupon
9.60%
Maturity
13 Feb 2027
Compare (/) Compare Bonds

Comparable NCDs maturing near 2028

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 9.00%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE477L07BC0IIFL Home Finance LimitedAA NSDL record, 20249.00%2027-12-26
INE530B07260IIFL Finance LimitedAA9.00%2028-01-24
INE389Z07104Profectus Capital Private LimitedA+ NSDL record, 20259.00%2028-02-20
INE389Z07112Profectus Capital Private LimitedA+ NSDL record, 20259.00%2028-02-26
INE180C07288Capri Global Capital LimitedAA NSDL record, 20269.00%2028-04-30
INE530B07377IIFL Finance LimitedAA9.00%2028-06-28

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