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Kotak Mahindra Prime 7.97% Aug 2029 NCD

AAA Secured NCD

Kotak Mahindra Prime Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
7.83%
Market YTM
Coupon Rate
7.97%
Per annum
Maturity Date
24 Aug 2029
3.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.83%
Live, last traded 2026-08-17
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+181 bps
vs 3.0Y G-Sec at 6.02%
Below the median spread for similar-tenor peers
Tenure
3.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-10 2026-08-17
Cashflow Timeline
15 Jun 2027
Interest Payment
₹7,970.00 / Bond
15 Jun 2028
Interest Payment
₹7,970.00 / Bond
15 Jun 2029
Interest Payment
₹7,970.00 / Bond
24 Aug 2029
Principal Payment
₹100,000.00 / Bond

Next 3 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 2026-06-15 Matures 2029-08-24

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

Key Metrics
Coupon Rate
7.97%
YTM (Annual)
7.83%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
3.0 Years
Advanced metrics
Modified Duration
2.57 Yrs
Macaulay Duration
2.77 Yrs
Issue Size
₹500 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
2.57 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-17
NSE OTC (WAP)
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 2.03 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
2026-06-15
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

7.97% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 24/08/2029 is a secured, rated, redeemable ncd issued by Kotak Mahindra Prime Limited. The bond offers a fixed coupon of 7.97% 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
2026-08-17 100.3494 7.8300 None
2026-07-16 100.4573 7.8000 None
2026-07-10 100.3799 7.8300 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2026-06-03
Rating Actions History 1 2026-07-09
Secondary-Market Trades 3 NSE OTC (WAP) 2026-08-17
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 7.97% Aug 2029 NCD?

Kotak Mahindra Prime 7.97% Aug 2029 NCD carries a coupon of 7.97%, paid annual, on a face value of ₹100,000.

When does Kotak Mahindra Prime 7.97% Aug 2029 NCD mature?

Kotak Mahindra Prime 7.97% Aug 2029 NCD matures on 2029-08-24, 3.0 years from today.

What is Kotak Mahindra Prime 7.97% Aug 2029 NCD rated?

Kotak Mahindra Prime 7.97% Aug 2029 NCD is rated AAA by CRISIL. As of 2026-06-03.

Is Kotak Mahindra Prime 7.97% Aug 2029 NCD secured?

Kotak Mahindra Prime 7.97% Aug 2029 NCD is a secured bond.

What yield does Kotak Mahindra Prime 7.97% Aug 2029 NCD currently offer?

The last recorded trade on 2026-08-17 priced Kotak Mahindra Prime 7.97% Aug 2029 NCD at ₹100.35, implying a yield to maturity of 7.83%.

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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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