Manappuram Finance 8.60% Mar 2028 NCD (INE522D07CL9)

CRISIL AA / Stable Secured NCD

Manappuram Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

10 more bonds from Manappuram Finance Limited →

Current YTM

8.80%

Market YTM

Coupon Rate

8.60%

Per annum

Maturity Date

27 Mar 2028

1.4 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,000

Per Bond

Market Position

YTM (Annual)

8.80%

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

+188 bps

vs 1.4Y G-Sec at 6.92%

Below the median spread for similar-tenor peers

Tenure

1.4 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

5 Oct 20269 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

30 Apr 2027

Interest Payment

₹8,600.00 / Bond

₹7,740.00 net of 10% TDS (est.)

27 Mar 2028

Final coupon (part period) + principal

₹1,07,801.09 / Bond

₹7,801.09 coupon + ₹1,00,000 face value

2 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

8.60%

YTM (Annual)

8.80%

Credit Rating

(CRISIL) · rated 31 May 2026, 5 months ago

Remaining Tenure

1.4 Years

Advanced metrics

Modified Duration

1.20 Yrs

Macaulay Duration

1.30 Yrs

Issue Size

₹950 Cr

Minimum Investment

₹1,00,000

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

Market Characteristics

Modified Duration

1.20 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

9 Oct 2026

NSE OTC (WAP)

Trades (30 Days)

Exchange-reported sessions

Security Status

Secured

No call option

Observations

This bond is secured.
2 secondary-market trades recorded in the last 30 days.
Coupon is 1.60 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

Manappuram Finance Limited

Instrument Type

NCD

Issue Date

30 Apr 2026

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Manappuram Finance 8.60% Mar 2028 NCD is a secured, rated NCD issued by Manappuram Finance Limited. It pays an 8.60% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

Date	Agency	Rating	Outlook	Status	Source
31 May 2026	CRISIL	AA	Stable	Latest	BSE listing
2026	CRISIL	AA	—	NSDL record, 2026	NSDL debt master

Rating Action History

3 actions

Agency actions on Manappuram Finance 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
2026-09-01	CRISIL	Update	—	—	View →
2026-07-31	CRISIL	Initial	AA	Stable	View →
2026-06-16	CRISIL	Reaffirm	AA	Stable	View →

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on Manappuram Finance 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
2026-09-01	CRISIL	Update	—	View →
2026-07-31	CRISIL	Initial	AA / Stable	View →
2026-06-16	CRISIL	Reaffirm	AA / Stable	View →

Alert me about Manappuram Finance 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 INE522D07CL9: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-10-09	99.6541	8.8000	1
2026-10-08	99.6800	8.7900	1
2026-10-07	99.6538	8.8000	—
2026-10-05	99.5861	8.8500	4

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	2	CRISIL	2026-05-31
Rating Actions History	3	—	2026-09-01
Secondary-Market Trades	4	NSE OTC (WAP)	2026-10-09
Reg52(4) Payment Disclosures	0	—	—

Documents

Entity metadata

Source: NSDL debt master
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.

₹99,654.10

YTM8.80%

Trade Date 9 Oct 2026 30d ago

SourceNSE OTC (WAP)

Accrued interest (est.)₹5,348.49

Dirty price (est.)₹1,05,002.59

View on BSE → Calculate YTM for this bond

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 ₹1,00,000.

When does Manappuram Finance 8.60% Mar 2028 NCD mature?

Manappuram Finance 8.60% Mar 2028 NCD matures on 27 Mar 2028, 1.4 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 (rating dated 31 May 2026).

Is Manappuram Finance 8.60% Mar 2028 NCD secured?

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

Where does Manappuram Finance 8.60% Mar 2028 NCD trade?

Manappuram Finance 8.60% Mar 2028 NCD is listed on BSE.

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

The last recorded trade on 9 Oct 2026 priced Manappuram Finance 8.60% Mar 2028 NCD at ₹99,654.10 per bond, implying a yield to maturity of 8.80%.

More Bonds from This Issuer

Manappuram Finance 8.00% Dec 2027 NCD

INE522D07CI5

Coupon

8.00%

Maturity

15 Dec 2027

View Details

Manappuram Finance 8.15% Dec 2027 NCD

INE522D07CJ3

Coupon

8.15%

Maturity

30 Dec 2027

View Details

Manappuram Finance 8.57% Jan 2028 NCD

INE522D07BX6

Coupon

8.57%

Maturity

28 Jan 2028

View Details

Manappuram Finance 8.60% Mar 2028 NCD

INE522D07CK1

Coupon

8.60%

Maturity

24 Mar 2028

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2028

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 8.60%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE01QP08016	Aditya Birla Renewables Limited	AA	8.60%	2027-09-24
INE031A08616	Housing and Urban Development Corporation Limited	AAA NSDL record, 2018	8.60%	2028-11-12
INE321N07632	Incred Financial Services Limited	AA-	8.60%	2028-03-06
INE414G07JM5	Muthoot Finance Limited	AA+ NSDL record, 2025	8.60%	2028-03-02
INE121A07RX9	Cholamandalam Investment and Finance Company Limited	AA+ NSDL record, 2024	8.60%	2029-03-05
INE020B08BB9	REC Limited	AAA NSDL record, 2018	8.63%	2028-08-25

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