N
AAA Secured NCD

NTPC Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
3.32%
Market YTM
Coupon Rate
8.73%
Per annum
Maturity Date
16 Dec 2028
2.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
3.32%
Live, last traded 2026-08-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-104 bps
vs 2.3Y G-Sec at 4.37%
Below the median spread for similar-tenor peers
Tenure
2.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean)
2026-06-30 2026-08-24
Cashflow Timeline
16 Dec 2026
Interest Payment
₹87.30 / Bond
16 Dec 2027
Interest Payment
₹87.30 / Bond
16 Dec 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 Reaffirmed: AA by CRISIL on 2026-06-25 Issued 2013-12-16 Matures 2028-12-16

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

Key Metrics
Coupon Rate
8.73%
YTM (Annual)
3.32%
Credit Rating
AAA
(ICRA)
Remaining Tenure
2.3 Years
Advanced metrics
Modified Duration
2.01 Yrs
Macaulay Duration
2.08 Yrs
Issue Size
₹91 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
2.01 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-24
NSE CM
Trades (30 Days)
6
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 6 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.27 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
Issuer
Instrument Type
NCD
Issue Date
2013-12-16
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Issued by NTPC Limited, 8.73% SECURED NON-CONVERTIBLE REDEEMABLE TAX FREE BONDS IN THE NATURE OF DEBENTURES. SERIES 2B. DATE OF MATURITY 16/12/2028 is a secured, rated, ncd paying a 8.73% 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 1 actions
DateAgencyActionRatingOutlookRationale
2026-06-25 CRISIL Reaffirm AA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-24 111.9260 3.3225 None
2026-08-17 111.6200 3.4913 None
2026-07-30 128.8970 None
2026-07-24 128.8970 None
2026-07-21 112.4260 3.3054 None
2026-07-20 107.5400 5.0500 1
2026-07-17 107.0400 5.2700 1
2026-07-13 112.5000 3.3204 None
2026-07-02 110.9010 4.0219 8
2026-06-30 110.6070 4.1504 11
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2013-11-08
Rating Actions History 1 2026-06-25
Secondary-Market Trades 10 NSE CM 2026-08-24
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 NTPC 8.73% Dec 2028 NCD?

NTPC 8.73% Dec 2028 NCD carries a coupon of 8.73%, paid annual, on a face value of ₹1,000.

When does NTPC 8.73% Dec 2028 NCD mature?

NTPC 8.73% Dec 2028 NCD matures on 2028-12-16, 2.3 years from today.

What is NTPC 8.73% Dec 2028 NCD rated?

NTPC 8.73% Dec 2028 NCD is rated AAA by ICRA. As of 2013-11-08.

Is NTPC 8.73% Dec 2028 NCD secured?

NTPC 8.73% Dec 2028 NCD is a secured bond.

Can NTPC 8.73% Dec 2028 NCD be called or put back early?

NTPC 8.73% Dec 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 NTPC 8.73% Dec 2028 NCD currently offer?

The last recorded trade on 2026-08-24 priced NTPC 8.73% Dec 2028 NCD at ₹111.93, implying a yield to maturity of 3.32%.

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NTPC 8.81% Dec 2026 NCD
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Maturity
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