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National Highways Authority… 7.48% Mar 2050 NCD

AAA Secured NCD

National Highways Authority Of India

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2050

Current YTM
7.60%
Market YTM
Coupon Rate
7.48%
Per annum
Maturity Date
06 Mar 2050
23.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.60%
Live, last traded 2026-07-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+25 bps
vs 23.5Y G-Sec at 7.35%
Below the median spread for similar-tenor peers
Tenure
23.5 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-06 2026-07-27
Cashflow Timeline
6 Mar 2027
Interest Payment
₹74,800.00 / Bond
6 Mar 2028
Interest Payment
₹74,800.00 / Bond
6 Mar 2029
Interest Payment
₹74,800.00 / Bond
6 Mar 2030
Interest Payment
₹74,800.00 / Bond
6 Mar 2031
Interest Payment
₹74,800.00 / Bond
6 Mar 2032
Interest Payment
₹74,800.00 / Bond
6 Mar 2033
Interest Payment
₹74,800.00 / Bond
6 Mar 2034
Interest Payment
₹74,800.00 / Bond
6 Mar 2050
Principal Payment
₹1,000,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 2020-03-06 Matures 2050-03-06
Key Metrics
Coupon Rate
7.48%
YTM (Annual)
7.60%
Credit Rating
AAA
(CARE)
Remaining Tenure
23.5 Years
Advanced metrics
Modified Duration
10.47 Yrs
Macaulay Duration
11.27 Yrs
Issue Size
₹6,500 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
10.47 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-27
NSE OTC (WAP)
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 2.52 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
2020-03-06
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

7.48% SECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES X. DATE OF MATURITY 06/03/2050 is a secured, rated, redeemable ncd issued by National Highways Authority Of India. The bond offers a fixed coupon of 7.48% 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
2026-07-27 98.5741 7.6000 None
2026-07-16 98.5200 7.6052 None
2026-07-06 100.3176 7.4375 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2020-02-17
Rating Actions History 0
Secondary-Market Trades 3 NSE OTC (WAP) 2026-07-27
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… 7.48% Mar 2050 NCD?

National Highways Authority… 7.48% Mar 2050 NCD carries a coupon of 7.48%, paid annual, on a face value of ₹1,000,000.

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

National Highways Authority… 7.48% Mar 2050 NCD matures on 2050-03-06, 23.5 years from today.

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

National Highways Authority… 7.48% Mar 2050 NCD is rated AAA by CARE. As of 2020-02-17.

Is National Highways Authority… 7.48% Mar 2050 NCD secured?

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

Can National Highways Authority… 7.48% Mar 2050 NCD be called or put back early?

National Highways Authority… 7.48% Mar 2050 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… 7.48% Mar 2050 NCD currently offer?

The last recorded trade on 2026-07-27 priced National Highways Authority… 7.48% Mar 2050 NCD at ₹98.57, implying a yield to maturity of 7.60%.

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