B

Belstar Microfinance 11.00% Jul 2029 NCD

AA- Unsecured NCD

Belstar Microfinance Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2029

Current YTM
9.08%
Market YTM
Coupon Rate
11.00%
Per annum
Maturity Date
19 Jul 2029
2.9 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
9.08%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+301 bps
vs 2.9Y G-Sec at 6.07%
Below the median spread for similar-tenor peers
Tenure
2.9 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-11 2026-08-27
Cashflow Timeline
19 Sep 2026
Interest Payment
₹2,750.00 / Bond
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 Jul 2029
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 Initial rating: AA by CRISIL on 2026-08-06 Reaffirmed: AA by CRISIL on 2026-06-16 Issued 2023-06-19 Matures 2029-07-19

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

Key Metrics
Coupon Rate
11.00%
YTM (Annual)
9.08%
Credit Rating
AA-
(CRISIL)
Remaining Tenure
2.9 Years
Advanced metrics
Modified Duration
2.44 Yrs
Macaulay Duration
2.50 Yrs
Issue Size
₹150 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
2.44 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
2026-08-27
BSE
Trades (30 Days)
13
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 13 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.00 percentage points above 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
2023-06-19
Day Count Convention
30/360
Listed Exchange
UNLISTED
Call / Put Option
None disclosed

Belstar Microfinance Limited issued this rated, ncd (11% UNSECURED RATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. DATE OF MATURITY 19/07/2029.) carrying a 11.00% 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
2026-08-27 105.5300 9.0800 1
2026-08-25 104.0000 9.7300 1
2026-08-24 105.0000 9.3200 2
2026-08-21 105.0000 9.3200 3
2026-08-20 104.0000 9.7400 1
2026-08-18 105.0000 9.3300 1
2026-08-14 105.0000 9.3300 3
2026-08-13 104.6300 9.4900 2
2026-08-12 104.0000 9.7500 1
2026-08-11 96.7500 12.9000 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2023-06-16
Rating Actions History 2 2026-08-06
Secondary-Market Trades 10 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 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 ₹100,000.

When does Belstar Microfinance 11.00% Jul 2029 NCD mature?

Belstar Microfinance 11.00% Jul 2029 NCD matures on 2029-07-19, 2.9 years from today.

What is Belstar Microfinance 11.00% Jul 2029 NCD rated?

Belstar Microfinance 11.00% Jul 2029 NCD is rated AA- by CRISIL. As of 2023-06-16.

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 listed on UNLISTED.

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

The last recorded trade on 2026-08-27 priced Belstar Microfinance 11.00% Jul 2029 NCD at ₹105.53, implying a yield to maturity of 9.08%.

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B
Belstar Microfinance 9.15% Jun 2027 NCD
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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
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Maturity
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B
Belstar Microfinance 14.50% Sep 2027 NCD
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Coupon
14.50%
Maturity
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