S
AA+ Secured NCD

Shriram Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
4.85%
Market YTM
Coupon Rate
9.70%
Per annum
Maturity Date
02 Nov 2028
2.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
4.85%
Live, last traded 2026-08-20
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+30 bps
vs 2.2Y G-Sec at 4.54%
Below the median spread for similar-tenor peers
Tenure
2.2 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-15 2026-08-20
Cashflow Timeline
2 Nov 2026
Interest Payment
₹97.00 / Bond
2 Nov 2027
Interest Payment
₹97.00 / Bond
2 Nov 2028
Principal Payment
₹1,000.00 / Bond

Next 2 coupons + 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 2018-11-02 Matures 2028-11-02

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

Key Metrics
Coupon Rate
9.70%
YTM (Annual)
4.85%
Credit Rating
AA+
(CRISIL)
Remaining Tenure
2.2 Years
Advanced metrics
Modified Duration
1.84 Yrs
Macaulay Duration
1.93 Yrs
Issue Size
₹39 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
1.84 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-20
NSE CM
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.30 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
2018-11-02
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Issued by Shriram Finance Limited, 9.70% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTUTRES. SERIES V. DATE OF MATURITY 02/11/2028 is a secured, rated, ncd paying a 9.70% p.a. coupon annual. The instrument 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
2026-08-20 110.0000 4.8464 None
2026-08-06 110.0000 4.9212 None
2026-08-05 110.2000 4.8370 None
2026-07-20 110.0980 4.9609 None
2026-07-17 109.4000 5.2837 None
2026-07-15 109.0000 5.4702 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, INDIA_RATINGS 2026-06-28
Rating Actions History 2 2026-08-06
Secondary-Market Trades 6 NSE CM 2026-08-20
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 9.70% Nov 2028 NCD?

Shriram Finance 9.70% Nov 2028 NCD carries a coupon of 9.70%, paid annual, on a face value of ₹1,000.

When does Shriram Finance 9.70% Nov 2028 NCD mature?

Shriram Finance 9.70% Nov 2028 NCD matures on 2028-11-02, 2.2 years from today.

What is Shriram Finance 9.70% Nov 2028 NCD rated?

Shriram Finance 9.70% Nov 2028 NCD is rated AA+ by CRISIL and AA+ by INDIA_RATINGS. As of 2026-06-28.

Is Shriram Finance 9.70% Nov 2028 NCD secured?

Shriram Finance 9.70% Nov 2028 NCD is a secured bond.

Can Shriram Finance 9.70% Nov 2028 NCD be called or put back early?

Shriram Finance 9.70% 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 Shriram Finance 9.70% Nov 2028 NCD currently offer?

The last recorded trade on 2026-08-20 priced Shriram Finance 9.70% Nov 2028 NCD at ₹110.00, implying a yield to maturity of 4.85%.

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