M

Manappuram Finance 8.60% Mar 2028 NCD

AA Secured NCD

Manappuram Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
8.65%
Market YTM
Coupon Rate
8.60%
Per annum
Maturity Date
24 Mar 2028
1.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
8.65%
Live, last traded 2026-07-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+305 bps
vs 1.6Y G-Sec at 5.60%
Below the median spread for similar-tenor peers
Tenure
1.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-03 2026-07-24
Cashflow Timeline
20 Apr 2027
Interest Payment
₹8,600.00 / Bond
24 Mar 2028
Principal Payment
₹100,000.00 / Bond

Next 1 coupon + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AA by CRISIL on 2026-07-31 Reaffirmed: AA by CRISIL on 2026-06-16 Issued 2026-04-20 Matures 2028-03-24

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

Key Metrics
Coupon Rate
8.60%
YTM (Annual)
8.65%
Credit Rating
AA
(CRISIL)
Remaining Tenure
1.6 Years
Advanced metrics
Modified Duration
1.37 Yrs
Macaulay Duration
1.49 Yrs
Issue Size
₹1,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.37 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-24
BSE
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 1.40 percentage points below 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
2026-04-20
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

8.60% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 24/03/2028 is a secured, rated, redeemable ncd issued by Manappuram Finance Limited. The bond offers a fixed coupon of 8.60% p.a. with annual interest payments and repays principal on maturity.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-07-31 CRISIL Initial AA Stable View →
2026-06-16 CRISIL Reaffirm AA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-24 99.8600 8.6500 4
2026-07-23 99.7840 8.6996 None
2026-07-03 100.2550 8.4000 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2026-03-18
Rating Actions History 2 2026-07-31
Secondary-Market Trades 3 BSE 2026-07-24
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 Manappuram Finance 8.60% Mar 2028 NCD?

Manappuram Finance 8.60% Mar 2028 NCD carries a coupon of 8.60%, paid annual, on a face value of ₹100,000.

When does Manappuram Finance 8.60% Mar 2028 NCD mature?

Manappuram Finance 8.60% Mar 2028 NCD matures on 2028-03-24, 1.6 years from today.

What is Manappuram Finance 8.60% Mar 2028 NCD rated?

Manappuram Finance 8.60% Mar 2028 NCD is rated AA by CRISIL. As of 2026-03-18.

Is Manappuram Finance 8.60% Mar 2028 NCD secured?

Manappuram Finance 8.60% Mar 2028 NCD is a secured bond.

What yield does Manappuram Finance 8.60% Mar 2028 NCD currently offer?

The last recorded trade on 2026-07-24 priced Manappuram Finance 8.60% Mar 2028 NCD at ₹99.86, implying a yield to maturity of 8.65%.

More Bonds from This Issuer
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Manappuram Finance 8.00% Dec 2027 NCD
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Maturity
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Manappuram Finance 8.15% Dec 2027 NCD
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Maturity
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Manappuram Finance 8.57% Jan 2028 NCD
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Coupon
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Maturity
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8
Manappuram Finance 8.60% Mar 2028 NCD
AA
Coupon
8.60%
Maturity
27 Mar 2028
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