NLC India 6.85% Apr 2032 NCD (INE589A08043)

CRISIL AAA / Stable Unsecured NCD

NLC India Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2032

2 more bonds from NLC India Limited →

Current YTM

6.78%

Market YTM

Coupon Rate

6.85%

Per annum

Maturity Date

13 Apr 2032

5.4 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹10,00,000

Per Bond

Market Position

YTM (Annual)

6.78%

Last traded 5 Nov 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

-44 bps

vs 5.4Y G-Sec at 7.22%

Below the median spread for similar-tenor peers

Tenure

5.4 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

Payment schedule not projected

The issuer's filed interest dates do not follow the maturity-date anniversaries our projection assumes, so projected dates and accrued interest would be wrong.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

6.85%

YTM (Annual)

6.78%

Credit Rating

AAA

(CRISIL) · rated 31 Dec 2021, 4 years ago

Over 15 months old; see below

Remaining Tenure

5.4 Years

AAA (CRISIL): Rated 31 Dec 2021 (4 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

—

Macaulay Duration

—

Issue Size

₹500 Cr

Minimum Investment

₹10,00,000

1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

—

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

5 Nov 2026

NSE OTC (WAP)

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 3.35 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

NLC India Limited

Instrument Type

NCD

Issue Date

20 Dec 2021

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Issued by NLC India Limited, NLC India 6.85% Apr 2032 NCD is an unsecured, rated NCD. It pays a 6.85% p.a. coupon, annually. Principal is repaid at maturity.

Rating Action History

1 actions

Agency actions on NLC India 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
2026-09-02	CRISIL	Reaffirm	AAA	Stable	View →

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

Rating Actions on NLC India 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
2026-09-02	CRISIL	Reaffirm	AAA / Stable	View →

Alert me about NLC India 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 INE589A08043: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-11-05	100.2800	6.7844	—

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	1	CRISIL	2021-12-31
Rating Actions History	1	—	2026-09-02
Secondary-Market Trades	1	NSE OTC (WAP)	2026-11-05
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.

₹10,02,800.00

YTM6.78%

Trade Date 5 Nov 2026 3d ago

SourceNSE OTC (WAP)

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on NLC India 6.85% Apr 2032 NCD?

NLC India 6.85% Apr 2032 NCD carries a coupon of 6.85%, paid annual, on a face value of ₹10,00,000.

When does NLC India 6.85% Apr 2032 NCD mature?

NLC India 6.85% Apr 2032 NCD matures on 13 Apr 2032, 5.4 years from today.

What is NLC India 6.85% Apr 2032 NCD rated?

NLC India 6.85% Apr 2032 NCD is rated AAA by CRISIL (rating dated 31 Dec 2021).

Is NLC India 6.85% Apr 2032 NCD secured?

NLC India 6.85% Apr 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does NLC India 6.85% Apr 2032 NCD trade?

NLC India 6.85% Apr 2032 NCD is listed on BSE.

What yield does NLC India 6.85% Apr 2032 NCD currently offer?

The last recorded trade on 5 Nov 2026 priced NLC India 6.85% Apr 2032 NCD at ₹10,02,800.00 per bond, implying a yield to maturity of 6.78%.

More Bonds from This Issuer

NLC India 8.09% May 2029 NCD

INE589A07037

AAA

Coupon

8.09%

Maturity

29 May 2029

View Details

NLC India 7.36% Jan 2030 NCD

INE589A07045

AAA

Coupon

7.36%

Maturity

25 Jan 2030

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2032

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 6.85%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE053F08163	Indian Railway Finance Corporation Limited	AAA	6.87%	2032-04-14
INE040A08AD7	HDFC Bank Limited	AAA NSDL record, 2023	6.88%	2031-06-16
INE040A08781	HDFC Bank Limited	AAA NSDL record, 2023	6.88%	2031-09-24
INE053F08106	Indian Railway Finance Corporation Limited	AAA	6.89%	2031-07-19
INE053F08122	Indian Railway Finance Corporation Limited	AAA	6.92%	2031-08-31
INE134E08LN6	Power Finance Corporation Limited	AAA	6.92%	2032-04-14

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