S
AA+ Secured NCD

Shriram Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
7.08%
Market YTM
Coupon Rate
9.40%
Per annum
Maturity Date
12 Jul 2028
1.9 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
7.08%
Live, last traded 2026-08-25
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+201 bps
vs 1.9Y G-Sec at 5.07%
Below the median spread for similar-tenor peers
Tenure
1.9 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-31 2026-08-25
Cashflow Timeline
12 Jul 2027
Interest Payment
₹94.00 / Bond
12 Jul 2028
Principal Payment
₹1,000.00 / Bond

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

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Upgrade: AAA by CRISIL on 2026-08-06 Rating action: AA by CRISIL on 2026-06-16 Issued 2018-07-12 Matures 2028-07-12

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

Key Metrics
Coupon Rate
9.40%
YTM (Annual)
7.08%
Credit Rating
AA+
(CRISIL)
Remaining Tenure
1.9 Years
Advanced metrics
Modified Duration
1.67 Yrs
Macaulay Duration
1.79 Yrs
Issue Size
₹532 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
1.67 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-25
NSE CM
Trades (30 Days)
20
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 20 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.60 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
2018-07-12
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Shriram Finance Limited issued this secured, rated, ncd (9.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTUTRES. TRANCHE I SERIES V. DATE OF MATURITY 12/07/2028) carrying a 9.40% 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
2026-08-06 CRISIL Upgrade AAA View →
2026-06-16 CRISIL Other AA View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-25 104.0000 7.0822 None
2026-08-24 104.0000 7.0855 None
2026-08-18 104.5000 6.8273 90
2026-08-13 104.5000 6.8451 None
2026-08-11 104.0000 7.1271 None
2026-08-10 104.1000 7.0752 None
2026-08-06 104.1000 7.0881 40
2026-08-05 104.1000 7.0913 None
2026-08-04 104.1000 7.0945 110
2026-07-31 104.8500 6.6875 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2018-06-08
Rating Actions History 2 2026-08-06
Secondary-Market Trades 10 NSE CM 2026-08-25
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 Shriram Finance 9.40% Jul 2028 NCD?

Shriram Finance 9.40% Jul 2028 NCD carries a coupon of 9.40%, paid annual, on a face value of ₹1,000.

When does Shriram Finance 9.40% Jul 2028 NCD mature?

Shriram Finance 9.40% Jul 2028 NCD matures on 2028-07-12, 1.9 years from today.

What is Shriram Finance 9.40% Jul 2028 NCD rated?

Shriram Finance 9.40% Jul 2028 NCD is rated AA+ by CRISIL. As of 2018-06-08.

Is Shriram Finance 9.40% Jul 2028 NCD secured?

Shriram Finance 9.40% Jul 2028 NCD is a secured bond.

Can Shriram Finance 9.40% Jul 2028 NCD be called or put back early?

Shriram Finance 9.40% Jul 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 Shriram Finance 9.40% Jul 2028 NCD currently offer?

The last recorded trade on 2026-08-25 priced Shriram Finance 9.40% Jul 2028 NCD at ₹104.00, implying a yield to maturity of 7.08%.

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