Belstar Microfinance 9.15% Jun 2027 NCD (INE443L08172)

CRISIL AA Unsecured NCD

Belstar Microfinance Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2027

7 more bonds from Belstar Microfinance Limited →

Current YTM

9.15%

Market YTM

Coupon Rate

9.15%

Per annum

Maturity Date

17 Jun 2027

0.6 Yrs to Maturity

Interest Payment

Quarterly

Frequency

Face Value

₹1,00,000

Per Bond

Market Position

YTM (Annual)

9.15%

Last traded 9 Oct 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+223 bps

vs 0.6Y G-Sec at 6.92%

Below the median spread for similar-tenor peers

Tenure

0.6 Years

Remaining to maturity

Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

17 Dec 2026

Interest Payment

₹2,287.50 / Bond

₹2,058.75 net of 10% TDS (est.)

17 Mar 2027

Interest Payment

₹2,287.50 / Bond

₹2,058.75 net of 10% TDS (est.)

17 Jun 2027

Final coupon + principal

₹1,02,287.50 / Bond

₹2,287.50 coupon + ₹1,00,000 face value

3 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 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

Key Metrics

Coupon Rate

9.15%

YTM (Annual)

9.15%

Credit Rating

(CRISIL) · rated 30 Jun 2025, 16 months ago

Over 15 months old; see below

Remaining Tenure

0.6 Years

AA (CRISIL): Rated 30 Jun 2025 (16 months ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

0.57 Yrs

Macaulay Duration

0.59 Yrs

Issue Size

₹100 Cr

Minimum Investment

₹1,00,000

1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

0.57 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Quarterly

Last Trade

9 Oct 2026

BSE

Trades (30 Days)

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
1 secondary-market trade recorded in the last 30 days.
Coupon is 1.05 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

Issuer

Belstar Microfinance Limited

Instrument Type

NCD

Issue Date

17 Jun 2025

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Issued by Belstar Microfinance Limited, Belstar Microfinance 9.15% Jun 2027 NCD is an unsecured, rated NCD. It pays a 9.15% 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 INE443L08172: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-10-09	100.1900	9.1500	1

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	1	CRISIL	2025-06-30
Rating Actions History	2	—	2026-08-06
Secondary-Market Trades	1	BSE	2026-10-09
Reg52(4) Payment Disclosures	0	—	—

Documents

Entity metadata

Source: BSE
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.

₹1,00,190.00

YTM9.15%

Trade Date 9 Oct 2026 30d ago

SourceBSE

Accrued interest (est.)₹1,332.28

Dirty price (est.)₹1,01,522.28

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on Belstar Microfinance 9.15% Jun 2027 NCD?

Belstar Microfinance 9.15% Jun 2027 NCD carries a coupon of 9.15%, paid quarterly, on a face value of ₹1,00,000.

When does Belstar Microfinance 9.15% Jun 2027 NCD mature?

Belstar Microfinance 9.15% Jun 2027 NCD matures on 17 Jun 2027, 0.6 years from today.

What is Belstar Microfinance 9.15% Jun 2027 NCD rated?

Belstar Microfinance 9.15% Jun 2027 NCD is rated AA by CRISIL (rating dated 30 Jun 2025).

Is Belstar Microfinance 9.15% Jun 2027 NCD secured?

Belstar Microfinance 9.15% Jun 2027 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Belstar Microfinance 9.15% Jun 2027 NCD trade?

Belstar Microfinance 9.15% Jun 2027 NCD is listed on BSE.

What yield does Belstar Microfinance 9.15% Jun 2027 NCD currently offer?

The last recorded trade on 9 Oct 2026 priced Belstar Microfinance 9.15% Jun 2027 NCD at ₹1,00,190.00 per bond, implying a yield to maturity of 9.15%.

More Bonds from This Issuer

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

Belstar Microfinance 9.20% Aug 2028 NCD

INE443L07174

Coupon

9.20%

Maturity

12 Aug 2028

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2027

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 9.15%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE202B07JR4	Piramal Finance Limited	AA	9.15%	2027-06-17
INE0M2307321	Andhra Pradesh State Beverages Corporation Limited	AA	9.15%	2027-11-30
INE140A07831	Piramal Finance Limited	AA+	9.12%	2027-08-06
INE523L07AM2	Nuvama Wealth and Investment Limited	AA	9.20%	2027-12-20
INE202B07JS2	Piramal Finance Limited	AA	9.10%	2027-04-16
INE721A07RZ1	Shriram Finance Limited	AA+ NSDL record, 2024	9.10%	2027-03-18

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