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National Highways Authority… 7.69% 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
4.08%
Market YTM
Coupon Rate
7.69%
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)
4.08%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-260 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)
2026-08-14 2026-08-27
Cashflow Timeline
9 Mar 2027
Interest Payment
₹76.90 / Bond
9 Mar 2028
Interest Payment
₹76.90 / Bond
9 Mar 2029
Interest Payment
₹76.90 / Bond
9 Mar 2030
Interest Payment
₹76.90 / 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
7.69%
YTM (Annual)
4.08%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
4.5 Years
Advanced metrics
Modified Duration
3.76 Yrs
Macaulay Duration
3.92 Yrs
Issue Size
₹1,128 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
3.76 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-27
NSE CM
Trades (30 Days)
22
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 22 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.31 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

7.69% SECURED REDEEMABLE TAX FREE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES IIB. DATE OF MATURITY 09/03/2031 is a secured, rated, redeemable ncd issued by National Highways Authority Of India. The bond offers a fixed coupon of 7.69% p.a. with annual interest payments and repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 114.7850 4.0837 None
2026-08-26 115.1000 4.0150 None
2026-08-25 115.0000 4.0392 None
2026-08-24 115.0000 4.0410 None
2026-08-21 114.8790 4.0735 None
2026-08-20 115.0500 4.0372 None
2026-08-19 114.8450 4.0847 None
2026-08-18 114.8360 4.0886 None
2026-08-17 115.0970 4.0322 None
2026-08-14 114.7550 4.1138 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2016-02-08
Rating Actions History 0
Secondary-Market Trades 10 NSE CM 2026-08-27
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… 7.69% Mar 2031 NCD?

National Highways Authority… 7.69% Mar 2031 NCD carries a coupon of 7.69%, paid annual, on a face value of ₹1,000.

When does National Highways Authority… 7.69% Mar 2031 NCD mature?

National Highways Authority… 7.69% Mar 2031 NCD matures on 2031-03-09, 4.5 years from today.

What is National Highways Authority… 7.69% Mar 2031 NCD rated?

National Highways Authority… 7.69% Mar 2031 NCD is rated AAA by CRISIL. As of 2016-02-08.

Is National Highways Authority… 7.69% Mar 2031 NCD secured?

National Highways Authority… 7.69% Mar 2031 NCD is a secured bond.

Can National Highways Authority… 7.69% Mar 2031 NCD be called or put back early?

National Highways Authority… 7.69% 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… 7.69% Mar 2031 NCD currently offer?

The last recorded trade on 2026-08-27 priced National Highways Authority… 7.69% Mar 2031 NCD at ₹114.78, implying a yield to maturity of 4.08%.

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