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National Highways Authority… 7.26% Aug 2038 NCD

AAA / Stable Secured NCD

National Highways Authority Of India

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2038

Current YTM
7.32%
Market YTM
Coupon Rate
7.26%
Per annum
Maturity Date
10 Aug 2038
12.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.32%
Live, last traded 2026-08-06
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+55 bps
vs 12.0Y G-Sec at 6.77%
Below the median spread for similar-tenor peers
Tenure
12.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-29 2026-08-06
Cashflow Timeline
10 Aug 2027
Interest Payment
₹72,600.00 / Bond
10 Aug 2028
Interest Payment
₹72,600.00 / Bond
10 Aug 2029
Interest Payment
₹72,600.00 / Bond
10 Aug 2030
Interest Payment
₹72,600.00 / Bond
10 Aug 2031
Interest Payment
₹72,600.00 / Bond
10 Aug 2032
Interest Payment
₹72,600.00 / Bond
10 Aug 2033
Interest Payment
₹72,600.00 / Bond
10 Aug 2034
Interest Payment
₹72,600.00 / Bond
10 Aug 2038
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 2021-08-10 Matures 2038-08-10
Key Metrics
Coupon Rate
7.26%
YTM (Annual)
7.32%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
12.0 Years
Advanced metrics
Modified Duration
7.77 Yrs
Macaulay Duration
8.34 Yrs
Issue Size
₹6,000 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
7.77 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-06
BSE
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.74 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2021-08-10
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by National Highways Authority Of India, NHAI-7.26%-10-8-38-PVT is a secured, rated, ncd paying a 7.26% p.a. coupon annual. The instrument repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-06 99.4600 7.3200 1
2026-08-03 99.2000 7.3600 1
2026-07-29 94.0900 8.0400 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2021-08-31
Rating Actions History 0
Secondary-Market Trades 3 BSE 2026-08-06
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 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… 7.26% Aug 2038 NCD?

National Highways Authority… 7.26% Aug 2038 NCD carries a coupon of 7.26%, paid annual, on a face value of ₹1,000,000.

When does National Highways Authority… 7.26% Aug 2038 NCD mature?

National Highways Authority… 7.26% Aug 2038 NCD matures on 2038-08-10, 12.0 years from today.

What is National Highways Authority… 7.26% Aug 2038 NCD rated?

National Highways Authority… 7.26% Aug 2038 NCD is rated AAA by CRISIL. As of 2021-08-31.

Is National Highways Authority… 7.26% Aug 2038 NCD secured?

National Highways Authority… 7.26% Aug 2038 NCD is a secured bond.

Where does National Highways Authority… 7.26% Aug 2038 NCD trade?

National Highways Authority… 7.26% Aug 2038 NCD is listed on BSE.

What yield does National Highways Authority… 7.26% Aug 2038 NCD currently offer?

The last recorded trade on 2026-08-06 priced National Highways Authority… 7.26% Aug 2038 NCD at ₹99.46, implying a yield to maturity of 7.32%.

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