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National Highways Authority… 8.50% Feb 2029 NCD

AAA Secured NCD

National Highways Authority Of India

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
3.95%
Market YTM
Coupon Rate
8.50%
Per annum
Maturity Date
05 Feb 2029
2.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
3.95%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
-242 bps
vs 2.4Y G-Sec at 6.37%
Below the median spread for similar-tenor peers
Tenure
2.4 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-30 2026-08-26
Cashflow Timeline
5 Feb 2027
Interest Payment
₹85.00 / Bond
5 Feb 2028
Interest Payment
₹85.00 / Bond
5 Feb 2029
Principal Payment
₹1,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2014-02-05 Matures 2029-02-05
Key Metrics
Coupon Rate
8.50%
YTM (Annual)
3.95%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.4 Years
Advanced metrics
Modified Duration
2.14 Yrs
Macaulay Duration
2.22 Yrs
Issue Size
₹1,732 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
2.14 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE CM
Trades (30 Days)
11
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 11 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.50 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2014-02-05
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

National Highways Authority Of India issued this secured, rated, ncd (8.50% (FOR CATEGORY I, II & III) SECURED NON CONVERTIBLE TRANCHE I SERIES IIA BONDS. DATE OF MATURITY 05/02/2029) carrying a 8.50% p.a. coupon, paid annual. It repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-26 110.5000 3.9451 None
2026-08-25 110.3050 4.0292 None
2026-08-24 107.4600 5.1600 1
2026-08-20 110.8990 3.8121 None
2026-08-17 110.3030 4.0667 None
2026-08-12 111.7750 3.5019 None
2026-08-10 110.1520 4.1590 None
2026-08-03 110.1500 4.1902 None
2026-07-31 107.4964 5.2250 1
2026-07-30 107.8100 5.1000 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2013-12-16
Rating Actions History 0
Secondary-Market Trades 10 NSE CM 2026-08-26
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 National Highways Authority… 8.50% Feb 2029 NCD?

National Highways Authority… 8.50% Feb 2029 NCD carries a coupon of 8.50%, paid annual, on a face value of ₹1,000.

When does National Highways Authority… 8.50% Feb 2029 NCD mature?

National Highways Authority… 8.50% Feb 2029 NCD matures on 2029-02-05, 2.4 years from today.

What is National Highways Authority… 8.50% Feb 2029 NCD rated?

National Highways Authority… 8.50% Feb 2029 NCD is rated AAA by CRISIL. As of 2013-12-16.

Is National Highways Authority… 8.50% Feb 2029 NCD secured?

National Highways Authority… 8.50% Feb 2029 NCD is a secured bond.

Can National Highways Authority… 8.50% Feb 2029 NCD be called or put back early?

National Highways Authority… 8.50% Feb 2029 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 National Highways Authority… 8.50% Feb 2029 NCD currently offer?

The last recorded trade on 2026-08-26 priced National Highways Authority… 8.50% Feb 2029 NCD at ₹110.50, implying a yield to maturity of 3.95%.

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