S
AAA Unsecured NCD

Sundaram Finance Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
7.75%
Market YTM
Coupon Rate
9.75%
Per annum
Maturity Date
24 Nov 2028
2.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.75%
Live, last traded 2026-08-04
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+320 bps
vs 2.2Y G-Sec at 4.55%
Above the median spread for similar-tenor peers
Tenure
2.2 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-06 2026-08-04
Cashflow Timeline
26 Nov 2026
Interest Payment
₹97,500.00 / Bond
26 Nov 2027
Interest Payment
₹97,500.00 / Bond
24 Nov 2028
Principal Payment
₹1,000,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-08-18 Initial rating: AAA by CRISIL on 2026-07-03 Issued 2018-11-26 Matures 2028-11-24

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

Key Metrics
Coupon Rate
9.75%
YTM (Annual)
7.75%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.2 Years
Advanced metrics
Modified Duration
1.84 Yrs
Macaulay Duration
1.99 Yrs
Issue Size
₹125 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
1.84 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-04
BSE
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Unsecured
Callable
Observations
  • This bond is unsecured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 0.25 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2018-11-26
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Sundaram Finance Limited issued this rated, ncd (9.75% UNSECURED RATED LISTED NON CONVERTIBLE DEBENTURES SERIES R 10. DATE OF MATURITY 24/11/2028) carrying a 9.75% p.a. coupon, paid annual. It repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-08-18 CRISIL Other View →
2026-07-03 CRISIL Initial AAA View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-04 103.9900 7.7500 2
2026-07-08 104.1000 7.7500 1
2026-07-06 104.0000 7.8000 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2018-11-14
Rating Actions History 2 2026-08-18
Secondary-Market Trades 3 BSE 2026-08-04
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 Sundaram Finance 9.75% Nov 2028 NCD?

Sundaram Finance 9.75% Nov 2028 NCD carries a coupon of 9.75%, paid annual, on a face value of ₹1,000,000.

When does Sundaram Finance 9.75% Nov 2028 NCD mature?

Sundaram Finance 9.75% Nov 2028 NCD matures on 2028-11-24, 2.2 years from today.

What is Sundaram Finance 9.75% Nov 2028 NCD rated?

Sundaram Finance 9.75% Nov 2028 NCD is rated AAA by CRISIL. As of 2018-11-14.

Is Sundaram Finance 9.75% Nov 2028 NCD secured?

Sundaram Finance 9.75% Nov 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can Sundaram Finance 9.75% Nov 2028 NCD be called or put back early?

Sundaram Finance 9.75% Nov 2028 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

What yield does Sundaram Finance 9.75% Nov 2028 NCD currently offer?

The last recorded trade on 2026-08-04 priced Sundaram Finance 9.75% Nov 2028 NCD at ₹103.99, implying a yield to maturity of 7.75%.

More Bonds from This Issuer
8
Sundaram Finance 8.04% Oct 2026 NCD
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Coupon
8.04%
Maturity
26 Oct 2026
7
Sundaram Finance 7.75% Dec 2026 NCD
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Coupon
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Maturity
11 Dec 2026
7
Sundaram Finance 7.35% Apr 2027 NCD
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Coupon
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Maturity
23 Apr 2027
8
Sundaram Finance 8.48% May 2027 NCD
AA+
Coupon
8.48%
Maturity
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