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TVS Credit Services 8.70% Aug 2032 NCD (INE729N08121)

Unsecured NCD

TVS Credit Services Limited

Unsecured, Taxable, Redeemable NCD

Browse: bonds maturing in 2032

14 more bonds from TVS Credit Services Limited →

Current YTM

8.80%

Market YTM

Coupon Rate

8.70%

Per annum

Maturity Date

25 Aug 2032

5.8 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,00,000

Per Bond

Market Position

YTM (Annual)

8.80%

Last traded 27 Oct 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+153 bps

vs 5.8Y G-Sec at 7.26%

Above the median spread for similar-tenor peers

Tenure

5.8 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

25 Sep 202627 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

25 Aug 2027

Interest Payment

₹8,70,000.00 / Bond

₹7,83,000.00 net of 10% TDS (est.)

25 Aug 2028

Interest Payment

₹8,70,000.00 / Bond

₹7,83,000.00 net of 10% TDS (est.)

25 Aug 2029

Interest Payment

₹8,70,000.00 / Bond

₹7,83,000.00 net of 10% TDS (est.)

25 Aug 2030

Interest Payment

₹8,70,000.00 / Bond

₹7,83,000.00 net of 10% TDS (est.)

25 Aug 2031

Interest Payment

₹8,70,000.00 / Bond

₹7,83,000.00 net of 10% TDS (est.)

25 Aug 2032

Final coupon + principal

₹1,08,70,000.00 / Bond

₹8,70,000.00 coupon + ₹1,00,00,000 face value

6 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) ┊ Today

Key Metrics

Coupon Rate

8.70%

YTM (Annual)

8.80%

Credit Rating

—

No rating on file for this ISIN; issuer rating below

Remaining Tenure

5.8 Years

No rating on file for this ISIN. Issuer rating: AA+ (CRISIL), reaffirmed 6 Nov 2026 — the agency's rating of the issuer's debt, which may not cover this bond. Agency rationale →

Advanced metrics

Modified Duration

4.33 Yrs

Macaulay Duration

4.71 Yrs

Issue Size

₹500 Cr

Face Value

₹1,00,00,000

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

Market Characteristics

Modified Duration

4.33 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

27 Oct 2026

NSE OTC (WAP)

Trades (30 Days)

5

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
No public credit rating is available for this bond.
5 secondary-market trades recorded in the last 30 days.
Coupon is 1.50 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 24 Sep 2026

Issuer

TVS Credit Services Limited

Instrument Type

NCD

Issue Date

25 Aug 2026

Day Count Convention

ACT/ACT

Listed Exchange

—

Call / Put Option

None disclosed

Issued by TVS Credit Services Limited, TVS Credit Services 8.70% Aug 2032 NCD is an unsecured NCD. It pays an 8.70% p.a. coupon, annually. Principal is repaid at maturity.

Rating Action History

4 actions

Agency actions on TVS Credit Services 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
2026-11-06	CRISIL	Reaffirm	AA+	Stable	View →
2026-10-16	CRISIL	Update	—	—	View →
2026-09-17	CRISIL	Update	—	—	View →
2026-08-13	CRISIL	Update	—	—	View →

Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on TVS Credit Services 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
2026-11-06	CRISIL	Reaffirm	AA+ / Stable	View →
2026-10-16	CRISIL	Update	—	View →
2026-09-17	CRISIL	Update	—	View →
2026-08-13	CRISIL	Update	—	View →

Alert me about TVS Credit Services 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.

Recent Market Prices

Recent BSE trades for INE729N08121: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-10-27	99.4782	8.7981	1
2026-10-15	98.2054	9.0929	—
2026-10-12	99.4782	8.8000	2
2026-10-09	99.8200	8.7300	2
2026-10-08	99.4700	8.8000	3
2026-10-06	99.6000	8.7700	2
2026-10-01	99.4900	8.8000	1
2026-09-28	100.0357	8.6772	1
2026-09-25	99.4889	8.8000	1

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	0	—	—
Rating Actions History	4	—	2026-11-06
Secondary-Market Trades	9	NSE OTC (WAP)	2026-10-27
Reg52(4) Payment Disclosures	0	—	—

No public credit rating on file for this bond.

Documents

Entity metadata

Source: NSDL debt master
Last Updated: 24 Sep 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.

₹99,47,820.00

YTM8.80%

Trade Date 27 Oct 2026 12d ago

SourceNSE OTC (WAP)

Accrued interest (est.)₹1,81,150.68

Dirty price (est.)₹1,01,28,970.68

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on TVS Credit Services 8.70% Aug 2032 NCD?

TVS Credit Services 8.70% Aug 2032 NCD carries a coupon of 8.70%, paid annual, on a face value of ₹1,00,00,000.

When does TVS Credit Services 8.70% Aug 2032 NCD mature?

TVS Credit Services 8.70% Aug 2032 NCD matures on 25 Aug 2032, 5.8 years from today.

Is TVS Credit Services 8.70% Aug 2032 NCD secured?

TVS Credit Services 8.70% Aug 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does TVS Credit Services 8.70% Aug 2032 NCD currently offer?

The last recorded trade on 27 Oct 2026 priced TVS Credit Services 8.70% Aug 2032 NCD at ₹99,47,820.00 per bond, implying a yield to maturity of 8.80%.

More Bonds from This Issuer

T

TVS Credit Services 8.85% Jun 2027 NCD

INE729N08055

AA- NSDL record, 2021

Coupon

8.85%

Maturity

02 Jun 2027

View Details

T

TVS Credit Services 8.85% Jun 2027 NCD

INE729N08063

AA- NSDL record, 2021

Coupon

8.85%

Maturity

11 Jun 2027

View Details

T

TVS Credit Services 8.35% Oct 2027 NCD

INE729N07065

AA NSDL record, 2024 Reg52 disclosed

Coupon

8.35%

Maturity

29 Oct 2027

View Details

T

TVS Credit Services 8.25% Dec 2027 NCD

INE729N07073

AA+ NSDL record, 2024

Coupon

8.25%

Maturity

31 Dec 2027

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2032

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 8.70%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE2T2Q07113	Hyderabad Metropolitan Development Authority	AA+ NSDL record, 2026	8.70%	2033-03-15
INE338I07206	Motilal Oswal Financial Services Limited	—	8.70%	2031-09-16
INE121A08PY9	Cholamandalam Investment and Finance Company Limited	AA+	8.66%	2033-02-23
INE282H07125	Jio Credit Limited	AAA	8.59%	2031-10-05
INE053F09HE0	Indian Railway Finance Corporation Limited	AAA	8.83%	2032-05-14
INE053F09HF7	Indian Railway Finance Corporation Limited	AAA	8.83%	2033-05-14

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