Market closed today (Weekend) · Prices and yields as of last trading day, 06 Nov 2026
Happy Diwali from all of us at RetailBonds
N

National Highways Authority of India 7.48% Mar 2050 NCD (INE906B07HM5)

CARE AAA · NSDL record, 2020 Secured NCD

National Highways Authority of India

Secured, Taxable, Redeemable NCD

60 more bonds from National Highways Authority of India →
Current YTM
8.25%
Market YTM
Coupon Rate
7.48%
Per annum
Maturity Date
06 Mar 2050
23.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹10,00,000
Per Bond

Market Position

YTM (Annual)
8.25%
Last traded 5 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+76 bps
vs 23.3Y G-Sec at 7.49%
Tenure
23.3 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
6 Jul 20265 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

6 Mar 2027
Interest Payment
₹74,800.00 / Bond
₹67,320.00 net of 10% TDS (est.)
6 Mar 2028
Interest Payment
₹74,800.00 / Bond
₹67,320.00 net of 10% TDS (est.)
6 Mar 2029
Interest Payment
₹74,800.00 / Bond
₹67,320.00 net of 10% TDS (est.)
6 Mar 2030
Interest Payment
₹74,800.00 / Bond
₹67,320.00 net of 10% TDS (est.)
6 Mar 2031
Interest Payment
₹74,800.00 / Bond
₹67,320.00 net of 10% TDS (est.)
6 Mar 2032
Interest Payment
₹74,800.00 / Bond
₹67,320.00 net of 10% TDS (est.)
6 Mar 2033
Interest Payment
₹74,800.00 / Bond
₹67,320.00 net of 10% TDS (est.)
6 Mar 2034
Interest Payment
₹74,800.00 / Bond
₹67,320.00 net of 10% TDS (est.)
…
+15 more coupons until 6 Mar 2049
₹74,800.00 each / Bond
6 Mar 2050
Final coupon + principal
₹10,74,800.00 / Bond
₹74,800.00 coupon + ₹10,00,000 face value

24 coupons remaining, the last paid with principal at maturity · per ₹10,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 6 Mar 2020 Matures 6 Mar 2050

Key Metrics

Coupon Rate
7.48%
YTM (Annual)
8.25%
Credit Rating
AAA
Rating on NSDL record (CARE, 2020)
Not a current agency rating; see below
Remaining Tenure
23.3 Years

AAA (CARE): Rating on NSDL record (CARE, 2020), dated 17 Feb 2020. The rating NSDL's debt master records for this instrument, often from the time of issue. No current rating from an agency or exchange is on file, so it may be out of date.

Advanced metrics
Modified Duration
9.87 Yrs
Macaulay Duration
10.68 Yrs
Issue Size
₹6,500 Cr
Face Value
₹10,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
9.87 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
5 Nov 2026
BSE
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 2.72 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 6 Nov 2026
Instrument Type
NCD
Issue Date
6 Mar 2020
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

National Highways Authority of India 7.48% Mar 2050 NCD is a secured NCD issued by National Highways Authority of India. It pays a 7.48% p.a. coupon, annually. Principal is repaid at maturity.

Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →
Alert me about National Highways Authority of India An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE906B07HM5: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-05 92.1000 8.2500 1
2026-07-27 98.5741 7.6000 —
2026-07-16 98.5200 7.6052 —
2026-07-06 100.3176 7.4375 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 1 CARE (NSDL record) 2020-02-17
Rating Actions History 0 — —
Secondary-Market Trades 4 BSE 2026-11-05
Reg52(4) Payment Disclosures 0 — —
  • No current rating from an agency or exchange on file; the rating shown is the one NSDL's debt master records, often from the time of issue.

Documents

Entity metadata
Source
NSDL debt master
Last Updated
6 Nov 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.

Current Price (Clean)
₹9,21,000.00
YTM8.25%
Trade Date 5 Nov 2026 3d ago
SourceBSE
Accrued interest (est.)₹50,823.01
Dirty price (est.)₹9,71,823.01
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE906B07HM5
Issue Date
6 Mar 2020
Maturity Date
6 Mar 2050
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

Get notified of downgrades, upgrades, and credit watches across all tracked bonds.

Subscribe Free

Weekly digest. No spam. Unsubscribe anytime.

Frequently Asked Questions
What is the coupon rate on National Highways Authority of India 7.48% Mar 2050 NCD?

National Highways Authority of India 7.48% Mar 2050 NCD carries a coupon of 7.48%, paid annual, on a face value of ₹10,00,000.

When does National Highways Authority of India 7.48% Mar 2050 NCD mature?

National Highways Authority of India 7.48% Mar 2050 NCD matures on 6 Mar 2050, 23.3 years from today.

What is National Highways Authority of India 7.48% Mar 2050 NCD rated?

No current rating from an agency or exchange is on file for National Highways Authority of India 7.48% Mar 2050 NCD. NSDL's debt master records a rating of AAA by CARE, dated 17 Feb 2020, often from the time of issue, so it may be out of date.

Is National Highways Authority of India 7.48% Mar 2050 NCD secured?

National Highways Authority of India 7.48% Mar 2050 NCD is a secured bond.

What yield does National Highways Authority of India 7.48% Mar 2050 NCD currently offer?

The last recorded trade on 5 Nov 2026 priced National Highways Authority of India 7.48% Mar 2050 NCD at ₹9,21,000.00 per bond, implying a yield to maturity of 8.25%.

More Bonds from This Issuer

N
National Highways Authority of India 5.00% Nov 2026 NCD
INE906B07IT8
AAA NSDL record, 2021
Coupon
5.00%
Maturity
30 Nov 2026
N
National Highways Authority of India 5.00% Dec 2026 NCD
INE906B07IU6
AAA NSDL record, 2021
Coupon
5.00%
Maturity
31 Dec 2026
N
National Highways Authority of India 8.30% Jan 2027 NCD
INE906B07CB9
AAA NSDL record, 2011 Reg52 disclosed
Coupon
8.30%
Maturity
25 Jan 2027
N
National Highways Authority of India 5.00% Jan 2027 NCD
INE906B07IV4
AAA NSDL record, 2021
Coupon
5.00%
Maturity
31 Jan 2027
Compare (/) Compare Bonds

Comparable NCDs maturing near 2050

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.48%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE00CI07080Loma Co-Developers 2 Private Limited—11.25%2049-04-29
INE00CI07098Loma Co-Developers 2 Private Limited—11.25%2049-06-03
INE00CI07106Loma Co-Developers 2 Private Limited—11.25%2049-06-19
INE00CI07114Loma Co-Developers 2 Private Limited—11.25%2050-03-12
INE00CI07122Loma Co-Developers 2 Private Limited—11.25%2050-07-09
INE00CI07130Loma Co-Developers 2 Private Limited—11.25%2050-12-09

← Back to screener