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National Highways Authority… 7.05% Sep 2041 NCD

AAA Secured NCD

National Highways Authority Of India

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2041

Current YTM
7.68%
Market YTM
Coupon Rate
7.05%
Per annum
Maturity Date
28 Sep 2041
15.1 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.68%
Live, last traded 2026-08-25
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+71 bps
vs 15.1Y G-Sec at 6.97%
Below the median spread for similar-tenor peers
Tenure
15.1 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-09 2026-08-25
Cashflow Timeline
28 Sep 2026
Interest Payment
₹70,500.00 / Bond
28 Sep 2027
Interest Payment
₹70,500.00 / Bond
28 Sep 2028
Interest Payment
₹70,500.00 / Bond
28 Sep 2029
Interest Payment
₹70,500.00 / Bond
28 Sep 2030
Interest Payment
₹70,500.00 / Bond
28 Sep 2031
Interest Payment
₹70,500.00 / Bond
28 Sep 2032
Interest Payment
₹70,500.00 / Bond
28 Sep 2033
Interest Payment
₹70,500.00 / Bond
28 Sep 2041
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 2021-09-28 Matures 2041-09-28
Key Metrics
Coupon Rate
7.05%
YTM (Annual)
7.68%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
15.1 Years
Advanced metrics
Modified Duration
8.34 Yrs
Macaulay Duration
8.98 Yrs
Issue Size
₹6,000 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
8.34 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-25
BSE
Trades (30 Days)
7
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 7 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.95 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
2021-09-28
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

National Highways Authority Of India issued this secured, rated, ncd (7.05% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES II. DATE OF MATURITY 28/09/2041) carrying a 7.05% p.a. coupon, paid annual. It repays principal on maturity.

Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-25 94.4000 7.6800 2
2026-08-24 97.2500 7.3500 1
2026-08-21 96.6354 7.4200 None
2026-08-13 94.6400 7.6600 1
2026-08-05 97.3500 7.3400 None
2026-08-04 98.6100 7.3400 1
2026-07-29 98.2300 7.2400 1
2026-07-17 97.3000 7.3400 1
2026-07-16 96.6921 7.4100 None
2026-07-09 96.8500 7.4000 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2021-09-13
Rating Actions History 0
Secondary-Market Trades 10 BSE 2026-08-25
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… 7.05% Sep 2041 NCD?

National Highways Authority… 7.05% Sep 2041 NCD carries a coupon of 7.05%, paid annual, on a face value of ₹1,000,000.

When does National Highways Authority… 7.05% Sep 2041 NCD mature?

National Highways Authority… 7.05% Sep 2041 NCD matures on 2041-09-28, 15.1 years from today.

What is National Highways Authority… 7.05% Sep 2041 NCD rated?

National Highways Authority… 7.05% Sep 2041 NCD is rated AAA by CRISIL. As of 2021-09-13.

Is National Highways Authority… 7.05% Sep 2041 NCD secured?

National Highways Authority… 7.05% Sep 2041 NCD is a secured bond.

What yield does National Highways Authority… 7.05% Sep 2041 NCD currently offer?

The last recorded trade on 2026-08-25 priced National Highways Authority… 7.05% Sep 2041 NCD at ₹94.40, implying a yield to maturity of 7.68%.

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