K

Kerala Infrastructure Invest… 8.95% Dec 2028 NCD

AA Unsecured NCD

Kerala Infrastructure Investment Fund Board

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
9.36%
Market YTM
Coupon Rate
8.95%
Per annum
Maturity Date
22 Dec 2028
2.3 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
9.36%
Live, last traded 2026-08-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+499 bps
vs 2.3Y G-Sec at 4.37%
Top 21% of similar-tenor peers by spread
Tenure
2.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-21 2026-08-24
Cashflow Timeline
22 Sep 2026
Interest Payment
₹2,237.50 / Bond
22 Dec 2026
Interest Payment
₹2,237.50 / Bond
22 Mar 2027
Interest Payment
₹2,237.50 / Bond
22 Jun 2027
Interest Payment
₹2,237.50 / Bond
22 Sep 2027
Interest Payment
₹2,237.50 / Bond
22 Dec 2027
Interest Payment
₹2,237.50 / Bond
22 Mar 2028
Interest Payment
₹2,237.50 / Bond
22 Jun 2028
Interest Payment
₹2,237.50 / Bond
22 Dec 2028
Principal Payment
₹100,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2023-12-22 Matures 2028-12-22
Key Metrics
Coupon Rate
8.95%
YTM (Annual)
9.36%
Credit Rating
AA
(ACUITE)
Remaining Tenure
2.3 Years
Advanced metrics
Modified Duration
2.03 Yrs
Macaulay Duration
2.08 Yrs
Issue Size
₹214 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
2.03 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
2026-08-24
BSE
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.05 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
2023-12-22
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Issued by Kerala Infrastructure Investment Fund Board, 8.95% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES B DATE OF MATURITY 22/12/2028 is a rated, ncd paying a 8.95% p.a. coupon quarterly. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-24 99.8000 9.3600 1
2026-08-05 100.0700 9.2000 1
2026-08-04 100.0800 9.2000 4
2026-07-29 100.1000 9.1900 2
2026-07-27 99.8400 9.3400 3
2026-07-22 99.5600 9.5000 1
2026-07-21 99.2297 9.6916 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ACUITE 2023-11-02
Rating Actions History 0
Secondary-Market Trades 7 BSE 2026-08-24
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 Kerala Infrastructure Invest… 8.95% Dec 2028 NCD?

Kerala Infrastructure Invest… 8.95% Dec 2028 NCD carries a coupon of 8.95%, paid quarterly, on a face value of ₹100,000.

When does Kerala Infrastructure Invest… 8.95% Dec 2028 NCD mature?

Kerala Infrastructure Invest… 8.95% Dec 2028 NCD matures on 2028-12-22, 2.3 years from today.

What is Kerala Infrastructure Invest… 8.95% Dec 2028 NCD rated?

Kerala Infrastructure Invest… 8.95% Dec 2028 NCD is rated AA by ACUITE. As of 2023-11-02.

Is Kerala Infrastructure Invest… 8.95% Dec 2028 NCD secured?

Kerala Infrastructure Invest… 8.95% Dec 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Kerala Infrastructure Invest… 8.95% Dec 2028 NCD currently offer?

The last recorded trade on 2026-08-24 priced Kerala Infrastructure Invest… 8.95% Dec 2028 NCD at ₹99.80, implying a yield to maturity of 9.36%.

More Bonds from This Issuer
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Kerala Infrastructure Inve… 8.49% Jul 2027 NCD
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Maturity
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8
Kerala Infrastructure Inve… 8.95% Dec 2027 NCD
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Maturity
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8
Kerala Infrastructure Inve… 8.95% Dec 2027 NCD
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Maturity
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Kerala Infrastructure Inve… 9.10% Mar 2028 NCD
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Coupon
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Maturity
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