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National Highways Authority… 7.39% Mar 2031 NCD

AAA Secured NCD

National Highways Authority Of India

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
0.86%
Market YTM
Coupon Rate
7.39%
Per annum
Maturity Date
09 Mar 2031
4.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
0.86%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-583 bps
vs 4.5Y G-Sec at 6.68%
Below the median spread for similar-tenor peers
Tenure
4.5 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-17 2026-08-26
Cashflow Timeline
9 Mar 2027
Interest Payment
₹73.90 / Bond
9 Mar 2028
Interest Payment
₹73.90 / Bond
9 Mar 2029
Interest Payment
₹73.90 / Bond
9 Mar 2030
Interest Payment
₹73.90 / Bond
9 Mar 2031
Principal Payment
₹1,000.00 / Bond

Next 4 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2016-03-09 Matures 2031-03-09
Key Metrics
Coupon Rate
7.39%
YTM (Annual)
0.86%
Credit Rating
AAA
(INDIA_RATINGS)
Remaining Tenure
4.5 Years
Advanced metrics
Modified Duration
3.94 Yrs
Macaulay Duration
3.98 Yrs
Issue Size
₹1,882 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
3.94 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE CM
Trades (30 Days)
8
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 8 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.61 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
2016-03-09
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

National Highways Authority Of India issued this secured, rated, ncd (7.39% SECURED REDEEMABLE TAX FREE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES IIA. DATE OF MATURITY 09/03/2031) carrying a 7.39% 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
2026-08-26 128.9990 0.8580 None
2026-08-25 106.6200 5.6900 2
2026-08-24 108.7600 5.1800 2
2026-08-17 108.8500 5.1600 1
2026-08-13 108.0800 5.3500 1
2026-08-11 106.0300 5.8500 1
2026-08-06 108.4800 5.2600 2
2026-08-04 114.0000 4.0226 None
2026-07-21 113.4000 4.1772 None
2026-07-17 108.7300 5.2200 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 INDIA_RATINGS 2016-02-04
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… 7.39% Mar 2031 NCD?

National Highways Authority… 7.39% Mar 2031 NCD carries a coupon of 7.39%, paid annual, on a face value of ₹1,000.

When does National Highways Authority… 7.39% Mar 2031 NCD mature?

National Highways Authority… 7.39% Mar 2031 NCD matures on 2031-03-09, 4.5 years from today.

What is National Highways Authority… 7.39% Mar 2031 NCD rated?

National Highways Authority… 7.39% Mar 2031 NCD is rated AAA by INDIA_RATINGS. As of 2016-02-04.

Is National Highways Authority… 7.39% Mar 2031 NCD secured?

National Highways Authority… 7.39% Mar 2031 NCD is a secured bond.

Can National Highways Authority… 7.39% Mar 2031 NCD be called or put back early?

National Highways Authority… 7.39% Mar 2031 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… 7.39% Mar 2031 NCD currently offer?

The last recorded trade on 2026-08-26 priced National Highways Authority… 7.39% Mar 2031 NCD at ₹129.00, implying a yield to maturity of 0.86%.

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