K
AA Secured NCD

Kerala Financial Corporation

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2031

Current YTM
8.71%
Market YTM
Coupon Rate
8.90%
Per annum
Maturity Date
31 Mar 2031
4.6 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
8.71%
Live, last traded 2026-08-21
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+208 bps
vs 4.6Y G-Sec at 6.63%
Below the median spread for similar-tenor peers
Tenure
4.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-03 2026-08-21
Cashflow Timeline
24 Sep 2026
Interest Payment
₹2,225.00 / Bond
24 Dec 2026
Interest Payment
₹2,225.00 / Bond
24 Mar 2027
Interest Payment
₹2,225.00 / Bond
24 Jun 2027
Interest Payment
₹2,225.00 / Bond
24 Sep 2027
Interest Payment
₹2,225.00 / Bond
24 Dec 2027
Interest Payment
₹2,225.00 / Bond
24 Mar 2028
Interest Payment
₹2,225.00 / Bond
24 Jun 2028
Interest Payment
₹2,225.00 / Bond
31 Mar 2031
Principal Payment
₹100,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2023-03-24 Matures 2031-03-31
Key Metrics
Coupon Rate
8.90%
YTM (Annual)
8.71%
Credit Rating
AA
(ACUITE)
Remaining Tenure
4.6 Years
Advanced metrics
Modified Duration
3.69 Yrs
Macaulay Duration
3.77 Yrs
Issue Size
₹95 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
3.69 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
2026-08-21
BSE
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.10 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
2023-03-24
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Issued by Kerala Financial Corporation, 8.9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES I STRPP C DATE OF MATURITY 31/03/2031 is a secured, rated, ncd paying a 8.90% p.a. coupon quarterly. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-21 101.6000 8.7100 1
2026-08-13 102.0400 8.5800 1
2026-08-06 102.2622 8.5190 None
2026-08-05 101.9800 8.6000 1
2026-07-24 102.3900 8.5000 1
2026-07-21 101.5500 8.7300 1
2026-07-20 103.5400 8.1600 1
2026-07-03 102.9200 8.3400 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ACUITE 2023-01-06
Rating Actions History 0
Secondary-Market Trades 8 BSE 2026-08-21
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 Kerala Financial 8.90% Mar 2031 NCD?

Kerala Financial 8.90% Mar 2031 NCD carries a coupon of 8.90%, paid quarterly, on a face value of ₹100,000.

When does Kerala Financial 8.90% Mar 2031 NCD mature?

Kerala Financial 8.90% Mar 2031 NCD matures on 2031-03-31, 4.6 years from today.

What is Kerala Financial 8.90% Mar 2031 NCD rated?

Kerala Financial 8.90% Mar 2031 NCD is rated AA by ACUITE. As of 2023-01-06.

Is Kerala Financial 8.90% Mar 2031 NCD secured?

Kerala Financial 8.90% Mar 2031 NCD is a secured bond.

What yield does Kerala Financial 8.90% Mar 2031 NCD currently offer?

The last recorded trade on 2026-08-21 priced Kerala Financial 8.90% Mar 2031 NCD at ₹101.60, implying a yield to maturity of 8.71%.

More Bonds from This Issuer
K
Kerala Financial 7.70% Sep 2026 NCD
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Coupon
7.70%
Maturity
14 Sep 2026
K
Kerala Financial 7.70% Sep 2027 NCD
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Coupon
7.70%
Maturity
14 Sep 2027
K
Kerala Financial 7.70% Sep 2028 NCD
AA
Coupon
7.70%
Maturity
14 Sep 2028
8
Kerala Financial 8.63% Mar 2029 NCD
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Coupon
8.63%
Maturity
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