B

Belstar Microfinance 9.20% Aug 2028 NCD

AA / Stable Secured NCD

Belstar Microfinance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
9.11%
Market YTM
Coupon Rate
9.20%
Per annum
Maturity Date
12 Aug 2028
2.0 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
9.11%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+421 bps
vs 2.0Y G-Sec at 4.90%
Above the median spread for similar-tenor peers
Tenure
2.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-12 2026-08-27
Cashflow Timeline
12 Nov 2026
Interest Payment
₹2,300.00 / Bond
12 Feb 2027
Interest Payment
₹2,300.00 / Bond
12 May 2027
Interest Payment
₹2,300.00 / Bond
12 Aug 2027
Interest Payment
₹2,300.00 / Bond
12 Nov 2027
Interest Payment
₹2,300.00 / Bond
12 Feb 2028
Interest Payment
₹2,300.00 / Bond
12 May 2028
Interest Payment
₹2,300.00 / Bond
12 Aug 2028
Principal Payment
₹100,000.00 / Bond

Next 7 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AA by CRISIL on 2026-08-06 Reaffirmed: AA by CRISIL on 2026-06-16 Issued 2025-08-12 Matures 2028-08-12

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

Key Metrics
Coupon Rate
9.20%
YTM (Annual)
9.11%
Credit Rating
AA
(CRISIL)
Remaining Tenure
2.0 Years
Advanced metrics
Modified Duration
1.76 Yrs
Macaulay Duration
1.80 Yrs
Issue Size
₹100 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.76 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
2026-08-27
BSE
Trades (30 Days)
18
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 18 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.80 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2025-08-12
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Belstar Microfinance Limited issued this secured, rated, ncd (BML-9.20%-12-8-28-PVT) carrying a 9.20% p.a. coupon, paid quarterly. It repays principal on maturity.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-08-06 CRISIL Initial AA Stable View →
2026-06-16 CRISIL Reaffirm AA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 100.6200 9.1100 5
2026-08-25 100.6400 9.1000 2
2026-08-24 100.6400 9.1000 8
2026-08-20 100.6400 9.1000 1
2026-08-19 101.2800 8.9400 3
2026-08-18 102.2400 8.1200 3
2026-08-17 100.6500 9.1000 4
2026-08-14 100.6500 9.1000 2
2026-08-13 100.6500 9.1000 1
2026-08-12 100.6500 9.1000 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-08-31
Rating Actions History 2 2026-08-06
Secondary-Market Trades 10 BSE 2026-08-27
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 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 Belstar Microfinance 9.20% Aug 2028 NCD?

Belstar Microfinance 9.20% Aug 2028 NCD carries a coupon of 9.20%, paid quarterly, on a face value of ₹100,000.

When does Belstar Microfinance 9.20% Aug 2028 NCD mature?

Belstar Microfinance 9.20% Aug 2028 NCD matures on 2028-08-12, 2.0 years from today.

What is Belstar Microfinance 9.20% Aug 2028 NCD rated?

Belstar Microfinance 9.20% Aug 2028 NCD is rated AA by CRISIL. As of 2025-08-31.

Is Belstar Microfinance 9.20% Aug 2028 NCD secured?

Belstar Microfinance 9.20% Aug 2028 NCD is a secured bond.

Where does Belstar Microfinance 9.20% Aug 2028 NCD trade?

Belstar Microfinance 9.20% Aug 2028 NCD is listed on BSE.

What yield does Belstar Microfinance 9.20% Aug 2028 NCD currently offer?

The last recorded trade on 2026-08-27 priced Belstar Microfinance 9.20% Aug 2028 NCD at ₹100.62, implying a yield to maturity of 9.11%.

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B
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9.15%
Maturity
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B
Belstar Microfinance 9.10% Aug 2027 NCD
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Maturity
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B
Belstar Microfinance 9.10% Aug 2027 NCD
AA
Coupon
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Maturity
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Belstar Microfinance 14.50% Sep 2027 NCD
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Coupon
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Maturity
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