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National Highways Authority of India 6.94% Nov 2037 NCD (INE906B07IG5)

CRISIL AAA Secured NCD

National Highways Authority of India

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2037

60 more bonds from National Highways Authority of India →

Current YTM

8.25%

Market YTM

Coupon Rate

6.94%

Per annum

Maturity Date

27 Nov 2037

11.1 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

+100 bps

vs 11.1Y G-Sec at 7.25%

Above the median spread for similar-tenor peers

Tenure

11.1 Years

Remaining to maturity

Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

27 Nov 2026

Interest Payment

₹69,400.00 / Bond

₹62,460.00 net of 10% TDS (est.)

27 Nov 2027

Interest Payment

₹69,400.00 / Bond

₹62,460.00 net of 10% TDS (est.)

27 Nov 2028

Interest Payment

₹69,400.00 / Bond

₹62,460.00 net of 10% TDS (est.)

27 Nov 2029

Interest Payment

₹69,400.00 / Bond

₹62,460.00 net of 10% TDS (est.)

27 Nov 2030

Interest Payment

₹69,400.00 / Bond

₹62,460.00 net of 10% TDS (est.)

27 Nov 2031

Interest Payment

₹69,400.00 / Bond

₹62,460.00 net of 10% TDS (est.)

27 Nov 2032

Interest Payment

₹69,400.00 / Bond

₹62,460.00 net of 10% TDS (est.)

27 Nov 2033

Interest Payment

₹69,400.00 / Bond

₹62,460.00 net of 10% TDS (est.)

…

+3 more coupons until 27 Nov 2036

₹69,400.00 each / Bond

27 Nov 2037

Final coupon + principal

₹10,69,400.00 / Bond

₹69,400.00 coupon + ₹10,00,000 face value

12 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

Key Metrics

Coupon Rate

6.94%

YTM (Annual)

8.25%

Credit Rating

AAA

(CRISIL) · rated 31 Dec 2020, 5 years ago

Over 15 months old; see below

Remaining Tenure

11.1 Years

AAA (CRISIL): Rated 31 Dec 2020 (5 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

6.81 Yrs

Macaulay Duration

7.37 Yrs

Issue Size

₹5,000 Cr

Minimum Investment

₹10,00,000

1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

6.81 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 3.26 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 8 Nov 2026

Issuer

National Highways Authority of India

Instrument Type

NCD

Issue Date

27 Nov 2020

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Issued by National Highways Authority of India, National Highways Authority of India 6.94% Nov 2037 NCD is a secured, rated NCD. It pays a 6.94% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

Date	Agency	Rating	Outlook	Status	Source
31 Dec 2020	CRISIL	AAA	—	Latest	BSE listing
2020	CARE	AAA	—	NSDL record, 2020	NSDL debt master

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 INE906B07IG5: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-11-05	90.7000	8.2500	1
2026-09-22	93.1004	7.8800	1

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	2	CARE, CRISIL	2020-12-31
Rating Actions History	0	—	—
Secondary-Market Trades	2	BSE	2026-11-05
Reg52(4) Payment Disclosures	0	—	—

Documents

BSE Debenture Detail & Term Sheet

Entity metadata

Source: BSE
Last Updated: 8 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.

₹9,07,000.00

YTM8.25%

Trade Date 5 Nov 2026 3d ago

SourceBSE

Accrued interest (est.)₹65,977.53

Dirty price (est.)₹9,72,977.53

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on National Highways Authority of India 6.94% Nov 2037 NCD?

National Highways Authority of India 6.94% Nov 2037 NCD carries a coupon of 6.94%, paid annual, on a face value of ₹10,00,000.

When does National Highways Authority of India 6.94% Nov 2037 NCD mature?

National Highways Authority of India 6.94% Nov 2037 NCD matures on 27 Nov 2037, 11.1 years from today.

What is National Highways Authority of India 6.94% Nov 2037 NCD rated?

National Highways Authority of India 6.94% Nov 2037 NCD is rated AAA by CRISIL (rating dated 31 Dec 2020).

Is National Highways Authority of India 6.94% Nov 2037 NCD secured?

National Highways Authority of India 6.94% Nov 2037 NCD is a secured bond.

Where does National Highways Authority of India 6.94% Nov 2037 NCD trade?

National Highways Authority of India 6.94% Nov 2037 NCD is listed on BSE.

What yield does National Highways Authority of India 6.94% Nov 2037 NCD currently offer?

The last recorded trade on 5 Nov 2026 priced National Highways Authority of India 6.94% Nov 2037 NCD at ₹9,07,000.00 per bond, implying a yield to maturity of 8.25%.

More Bonds from This Issuer

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National Highways Authority of India 5.00% Nov 2026 NCD

INE906B07IT8

AAA NSDL record, 2021

Coupon

5.00%

Maturity

30 Nov 2026

View Details

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National Highways Authority of India 5.00% Dec 2026 NCD

INE906B07IU6

AAA NSDL record, 2021

Coupon

5.00%

Maturity

31 Dec 2026

View Details

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National Highways Authority of India 8.30% Jan 2027 NCD

INE906B07CB9

AAA NSDL record, 2011 Reg52 disclosed

Coupon

8.30%

Maturity

25 Jan 2027

View Details

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National Highways Authority of India 5.00% Jan 2027 NCD

INE906B07IV4

AAA NSDL record, 2021

Coupon

5.00%

Maturity

31 Jan 2027

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2037

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 6.94%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE206D08485	Nuclear Power Corporation of India Limited	AAA NSDL record, 2022	6.89%	2037-03-24
INE062A08389	State Bank of India	AAA	7.54%	2038-08-01
INE134E08LV9	Power Finance Corporation Limited	AAA	7.65%	2037-11-13
INE261F08DY8	National Bank for Agriculture and Rural Development	AAA NSDL record, 2023	7.70%	2038-02-17
INE134E08LY3	Power Finance Corporation Limited	AAA	7.72%	2037-12-19
INE134E08MB9	Power Finance Corporation Limited	AAA	7.82%	2038-03-06

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