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D

Dhanlaxmi Bank 10.50% Apr 2035 NCD (INE680A08099)

ICRA BBB- Unsecured NCD

Dhanlaxmi Bank Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: BBB rated bonds · bonds maturing in 2035

Current YTM

—

No market YTM available

Coupon Rate

10.50%

Per annum

Maturity Date

06 Apr 2035

8.4 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,00,000

Per Bond

Market Position

YTM (Annual)

—

No trade with a usable price on record

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Tenure

8.4 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.

Cashflow Timeline

7 Apr 2027

Interest Payment

₹10,50,000.00 / Bond

₹9,45,000.00 net of 10% TDS (est.)

7 Apr 2028

Interest Payment

₹10,50,000.00 / Bond

₹9,45,000.00 net of 10% TDS (est.)

7 Apr 2029

Interest Payment

₹10,50,000.00 / Bond

₹9,45,000.00 net of 10% TDS (est.)

7 Apr 2030

Interest Payment

₹10,50,000.00 / Bond

₹9,45,000.00 net of 10% TDS (est.)

7 Apr 2031

Interest Payment

₹10,50,000.00 / Bond

₹9,45,000.00 net of 10% TDS (est.)

7 Apr 2032

Interest Payment

₹10,50,000.00 / Bond

₹9,45,000.00 net of 10% TDS (est.)

7 Apr 2033

Interest Payment

₹10,50,000.00 / Bond

₹9,45,000.00 net of 10% TDS (est.)

7 Apr 2034

Interest Payment

₹10,50,000.00 / Bond

₹9,45,000.00 net of 10% TDS (est.)

6 Apr 2035

Final coupon (part period) + principal

₹1,10,47,123.29 / Bond

₹10,47,123.29 coupon + ₹1,00,00,000 face value

9 coupons remaining, the last paid with principal at maturity · per ₹1,00,00,000 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) ● Rating action ┊ Today

1 rating action on file since issue — hover a dot for detail.

Key Metrics

Coupon Rate

10.50%

YTM (Annual)

—

Credit Rating

BBB-

(ICRA) · rated 19 Aug 2026, 81 days ago

Remaining Tenure

8.4 Years

Advanced metrics

Modified Duration

5.11 Yrs

Macaulay Duration

5.65 Yrs

Issue Size

₹150 Cr

Face Value

₹1,00,00,000

Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration

5.11 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

—

No recorded trades

Trades (30 Days)

0

Exchange-reported sessions

Security Status

Unsecured

Callable

Observations

This bond is unsecured.
No secondary-market trades recorded in the last 30 days.
Coupon is 0.30 percentage points above the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 16 Jul 2026

Issuer

Dhanlaxmi Bank Limited

Instrument Type

NCD

Issue Date

7 Apr 2025

Day Count Convention

ACT/ACT

Listed Exchange

—

Call / Put Option

Callable

Issued by Dhanlaxmi Bank Limited, Dhanlaxmi Bank 10.50% Apr 2035 NCD is an unsecured, rated NCD. It pays a 10.50% p.a. coupon, annually. Principal is repaid at maturity. The issuer holds the right to redeem it before the maturity date.

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
19 Aug 2026	ICRA	BBB-	—	Latest	NSE filing →
2025	ICRA	BBB-	—	NSDL record, 2025	NSDL debt master

Rating Action History

1 actions

Agency actions on Dhanlaxmi Bank 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
2026-08-19 This bond	ICRA	Reaffirm	BBB-	Stable	NSE filing →

Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on Dhanlaxmi Bank 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
2026-08-19	ICRA	Reaffirm This bond	BBB- / Stable	NSE filing →

Alert me about Dhanlaxmi Bank 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.

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	2	ICRA	2026-08-19
Rating Actions History	1	—	2026-08-19
Secondary-Market Trades	0	—	—
Reg52(4) Payment Disclosures	0	—	—

No secondary-market trade with a usable price on record, so no market yield or spread is shown.

Documents

BSE Debenture Detail & Term Sheet

Entity metadata

Source: NSDL debt master
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 Dhanlaxmi Bank 10.50% Apr 2035 NCD?

Dhanlaxmi Bank 10.50% Apr 2035 NCD carries a coupon of 10.50%, paid annual, on a face value of ₹1,00,00,000.

When does Dhanlaxmi Bank 10.50% Apr 2035 NCD mature?

Dhanlaxmi Bank 10.50% Apr 2035 NCD matures on 6 Apr 2035, 8.4 years from today.

What is Dhanlaxmi Bank 10.50% Apr 2035 NCD rated?

Dhanlaxmi Bank 10.50% Apr 2035 NCD is rated BBB- by ICRA (rating dated 19 Aug 2026).

Is Dhanlaxmi Bank 10.50% Apr 2035 NCD secured?

Dhanlaxmi Bank 10.50% Apr 2035 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can Dhanlaxmi Bank 10.50% Apr 2035 NCD be called or put back early?

Dhanlaxmi Bank 10.50% Apr 2035 NCD is callable -- the issuer may redeem it before maturity on scheduled call dates.

Comparable NCDs maturing near 2035

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 10.50%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE124D08027	Indusind General Insurance Company Limited	A+	10.99%	2035-09-26
INE148I07WZ0	Sammaan Capital Limited	AA	9.75%	2035-06-19
INE658F08482	Kerala Infrastructure Investment Fund Board	AA	9.67%	2034-08-08
INE658F08490	Kerala Infrastructure Investment Fund Board	AA	9.67%	2035-08-08
INE148I07YD3	Sammaan Capital Limited	AA	9.60%	2035-08-14
INE658F08417	Kerala Infrastructure Investment Fund Board	AA-	9.49%	2035-03-25

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