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Kotak Mahindra Prime 8.28% Jun 2031 NCD

AAA Secured NCD

Kotak Mahindra Prime Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
7.85%
Market YTM
Coupon Rate
8.28%
Per annum
Maturity Date
20 Jun 2031
4.8 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.85%
Live, last traded 2026-07-20
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+134 bps
vs 4.8Y G-Sec at 6.51%
Below the median spread for similar-tenor peers
Tenure
4.8 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-15 2026-07-20
Cashflow Timeline
27 May 2027
Interest Payment
₹8,280.00 / Bond
27 May 2028
Interest Payment
₹8,280.00 / Bond
27 May 2029
Interest Payment
₹8,280.00 / Bond
27 May 2030
Interest Payment
₹8,280.00 / Bond
27 May 2031
Interest Payment
₹8,280.00 / Bond
20 Jun 2031
Principal Payment
₹100,000.00 / Bond

Next 5 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-07-09 Issued 2026-05-27 Matures 2031-06-20

1 rating action on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
8.28%
YTM (Annual)
7.85%
Credit Rating
AAA
(ICRA)
Remaining Tenure
4.8 Years
Advanced metrics
Modified Duration
3.81 Yrs
Macaulay Duration
4.11 Yrs
Issue Size
₹700 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
3.81 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-20
NSE OTC (WAP)
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 1.72 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
2026-05-27
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

8.28% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 20/06/2031 is a secured, rated, redeemable ncd issued by Kotak Mahindra Prime Limited. The bond offers a fixed coupon of 8.28% p.a. with annual interest payments and repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-09 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-07-20 101.6573 7.8500 None
2026-07-17 101.9500 7.7800 None
2026-07-15 101.8624 7.8008 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2026-05-07
Rating Actions History 1 2026-07-09
Secondary-Market Trades 3 NSE OTC (WAP) 2026-07-20
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 Kotak Mahindra Prime 8.28% Jun 2031 NCD?

Kotak Mahindra Prime 8.28% Jun 2031 NCD carries a coupon of 8.28%, paid annual, on a face value of ₹100,000.

When does Kotak Mahindra Prime 8.28% Jun 2031 NCD mature?

Kotak Mahindra Prime 8.28% Jun 2031 NCD matures on 2031-06-20, 4.8 years from today.

What is Kotak Mahindra Prime 8.28% Jun 2031 NCD rated?

Kotak Mahindra Prime 8.28% Jun 2031 NCD is rated AAA by ICRA. As of 2026-05-07.

Is Kotak Mahindra Prime 8.28% Jun 2031 NCD secured?

Kotak Mahindra Prime 8.28% Jun 2031 NCD is a secured bond.

What yield does Kotak Mahindra Prime 8.28% Jun 2031 NCD currently offer?

The last recorded trade on 2026-07-20 priced Kotak Mahindra Prime 8.28% Jun 2031 NCD at ₹101.66, implying a yield to maturity of 7.85%.

More Bonds from This Issuer
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Kotak Mahindra Prime 8.09% Nov 2026 NCD
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Maturity
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Kotak Mahindra Prime 8.23% Dec 2026 NCD
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Maturity
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8
Kotak Mahindra Prime 8.23% Dec 2026 NCD
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Kotak Mahindra Prime 8.20% Jan 2027 NCD
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Coupon
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Maturity
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