Belstar Microfinance 11.00% Jul 2029 NCD (INE443L08149)

CRISIL AA- · NSDL record, 2023 Unsecured NCD

Belstar Microfinance Limited

Unsecured, Taxable, Redeemable NCD

Browse: bonds maturing in 2029

7 more bonds from Belstar Microfinance Limited →

Current YTM

9.43%

Market YTM

Coupon Rate

11.00%

Per annum

Maturity Date

19 Jul 2029

2.7 Yrs to Maturity

Interest Payment

Quarterly

Frequency

Face Value

₹1,00,000

Per Bond

Market Position

YTM (Annual)

9.43%

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

+240 bps

vs 2.7Y G-Sec at 7.03%

Above the median spread for similar-tenor peers

Tenure

2.7 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

26 Oct 20266 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

19 Dec 2026

Interest Payment

₹2,750.00 / Bond

19 Mar 2027

Interest Payment

₹2,750.00 / Bond

19 Jun 2027

Interest Payment

₹2,750.00 / Bond

19 Sep 2027

Interest Payment

₹2,750.00 / Bond

19 Dec 2027

Interest Payment

₹2,750.00 / Bond

19 Mar 2028

Interest Payment

₹2,750.00 / Bond

19 Jun 2028

Interest Payment

₹2,750.00 / Bond

19 Sep 2028

Interest Payment

₹2,750.00 / Bond

…

+3 more coupons until 19 Jun 2029

₹2,750.00 each / Bond

19 Jul 2029

Final coupon (part period) + principal

₹1,00,896.74 / Bond

₹896.74 coupon + ₹1,00,000 face value

12 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

11.00%

YTM (Annual)

9.43%

Credit Rating

AA-

Rating on NSDL record (CRISIL, 2023)

Not a current agency rating; see below

Remaining Tenure

2.7 Years

AA- (CRISIL): Rating on NSDL record (CRISIL, 2023), dated 16 Jun 2023. The rating NSDL's debt master records for this instrument, often from the time of issue. No current rating from an agency or exchange is on file, so it may be out of date. CRISIL's latest action on the issuer (6 Aug 2026) is AA.

Advanced metrics

Modified Duration

—

Macaulay Duration

—

Issue Size

₹150 Cr

Face Value

₹1,00,000

Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration

—

Price sensitivity per 1% yield move

Payment Frequency

Quarterly

Last Trade

6 Nov 2026

BSE

Trades (30 Days)

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
17 secondary-market trades recorded in the last 30 days.
Coupon is 0.80 percentage points above 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

Issuer

Belstar Microfinance Limited

Instrument Type

NCD

Issue Date

19 Jun 2023

Day Count Convention

—

Listed Exchange

Not listed

Call / Put Option

None disclosed

Belstar Microfinance Limited issued Belstar Microfinance 11.00% Jul 2029 NCD, an unsecured NCD. It pays an 11.00% p.a. coupon, quarterly. Principal is repaid at maturity.

Rating Action History

2 actions

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

Date	Agency	Action	Rating	Outlook	Rationale
2026-08-06	CRISIL	Initial	AA	Stable	View →
2026-06-16	CRISIL	Reaffirm	AA	Stable	View →

Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on Belstar Microfinance 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.

Date	Agency	Action	Rating	Rationale
2026-08-06	CRISIL	Initial	AA / Stable	View →
2026-06-16	CRISIL	Reaffirm	AA / Stable	View →

Alert me about Belstar Microfinance 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 INE443L08149: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-11-06	104.4300	9.4300	4
2026-11-05	104.4400	9.4300	7
2026-11-04	104.3300	9.4700	2
2026-11-03	104.6700	9.3400	3
2026-11-02	105.0000	9.1900	4
2026-10-30	104.0000	9.6300	2
2026-10-29	104.4000	9.4600	3
2026-10-28	104.0000	9.6300	1
2026-10-27	101.2300	10.8800	2
2026-10-26	104.2000	9.5600	2

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	1	CRISIL (NSDL record)	2023-06-16
Rating Actions History	2	—	2026-08-06
Secondary-Market Trades	10	BSE	2026-11-06
Reg52(4) Payment Disclosures	0	—	—

No current rating from an agency or exchange on file; the rating shown is the one NSDL's debt master records, often from the time of issue.

Documents

CRISIL Rating Rationale (6 Aug 2026)

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.

₹1,04,430.00

YTM9.43%

Trade Date 6 Nov 2026 2d ago

SourceBSE

Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on Belstar Microfinance 11.00% Jul 2029 NCD?

Belstar Microfinance 11.00% Jul 2029 NCD carries a coupon of 11.00%, paid quarterly, on a face value of ₹1,00,000.

When does Belstar Microfinance 11.00% Jul 2029 NCD mature?

Belstar Microfinance 11.00% Jul 2029 NCD matures on 19 Jul 2029, 2.7 years from today.

What is Belstar Microfinance 11.00% Jul 2029 NCD rated?

No current rating from an agency or exchange is on file for Belstar Microfinance 11.00% Jul 2029 NCD. NSDL's debt master records a rating of AA- by CRISIL, dated 16 Jun 2023, often from the time of issue, so it may be out of date.

Is Belstar Microfinance 11.00% Jul 2029 NCD secured?

Belstar Microfinance 11.00% Jul 2029 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Belstar Microfinance 11.00% Jul 2029 NCD trade?

Belstar Microfinance 11.00% Jul 2029 NCD is not listed on a stock exchange, so there is no exchange price for it.

What yield does Belstar Microfinance 11.00% Jul 2029 NCD currently offer?

The last recorded trade on 6 Nov 2026 priced Belstar Microfinance 11.00% Jul 2029 NCD at ₹1,04,430.00 per bond, implying a yield to maturity of 9.43%.

More Bonds from This Issuer

Belstar Microfinance 9.15% Jun 2027 NCD

INE443L08172

Coupon

9.15%

Maturity

17 Jun 2027

View Details

Belstar Microfinance 9.10% Aug 2027 NCD

INE443L07182

Coupon

9.10%

Maturity

12 Aug 2027

View Details

Belstar Microfinance 9.10% Aug 2027 NCD

INE443L07190

Coupon

9.10%

Maturity

12 Aug 2027

View Details

Belstar Microfinance 14.50% Sep 2027 NCD

INE443L08131

AA-

Coupon

14.50%

Maturity

30 Sep 2027

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2029

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 11.00%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE998Y07212	Berar Finance Limited	BBB+	11.00%	2028-09-25
INE0BUS07CJ2	Indel Money Limited	A-	11.00%	2029-01-23
INE14H407124	Finnable Credit Private Limited	BBB+	11.00%	2028-09-16
INE0EWA07013	Smile Electronics Limited	BBB+ NSDL record, 2025	11.00%	2028-07-30
INE0OAD07020	Casagrand Beacon Private Limited	A- NSDL record, 2026	11.00%	2029-05-29
INE413U08093	IIFL Samasta Finance Limited	AA- NSDL record, 2023	11.00%	2030-05-18

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