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Manba Finance 10.65% Nov 2028 NCD (INE939X07275)

CARE A- / Stable Secured NCD

Manba Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: A rated bonds · bonds maturing in 2028

11 more bonds from Manba Finance Limited →
Current YTM
10.91%
Market YTM
Coupon Rate
10.65%
Per annum
Maturity Date
24 Nov 2028
2.0 Yrs to Maturity
Interest Payment
Monthly
Frequency
Face Value
₹10,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

Market Position

YTM (Annual)
10.91%
Last traded 6 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+399 bps
vs 2.0Y G-Sec at 6.92%
Top 22% of similar-tenor peers by spread
Tenure
2.0 Years
Remaining to maturity

Price vs Yield

— Price (Clean)
26 Oct 20266 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

24 Nov 2026
Interest Payment
₹88.75 / Bond
₹79.88 net of 10% TDS (est.)
24 Dec 2026
Interest Payment
₹88.75 / Bond
₹79.88 net of 10% TDS (est.)
24 Jan 2027
Interest Payment
₹88.75 / Bond
₹79.88 net of 10% TDS (est.)
24 Feb 2027
Interest Payment
₹88.75 / Bond
₹79.88 net of 10% TDS (est.)
24 Mar 2027
Interest Payment
₹88.75 / Bond
₹79.88 net of 10% TDS (est.)
24 Apr 2027
Interest Payment
₹88.75 / Bond
₹79.88 net of 10% TDS (est.)
24 May 2027
Interest Payment
₹88.75 / Bond
₹79.88 net of 10% TDS (est.)
24 Jun 2027
Interest Payment
₹88.75 / Bond
₹79.88 net of 10% TDS (est.)
…
+16 more coupons until 24 Oct 2028
₹88.75 each / Bond
24 Nov 2028
Final coupon + principal
₹10,088.75 / Bond
₹88.75 coupon + ₹10,000 face value

25 coupons remaining, the last paid with principal at maturity · per ₹10,000 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
Today Issued 24 Sep 2026 Matures 24 Nov 2028

Key Metrics

Coupon Rate
10.65%
YTM (Annual)
10.91%
Credit Rating
A-
(CARE) · rated 6 Oct 2026, 33 days ago
Remaining Tenure
2.0 Years
Advanced metrics
Modified Duration
1.82 Yrs
Macaulay Duration
1.83 Yrs
Issue Size
₹50 Cr
Minimum Investment
₹10,000
1 bond × ₹10,000 face value (BSE market lot)

Market Characteristics

Modified Duration
1.82 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Monthly
Last Trade
6 Nov 2026
BSE
Trades (30 Days)
21
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 21 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.45 percentage points above 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
Instrument Type
NCD
Issue Date
24 Sep 2026
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Manba Finance Limited issued Manba Finance 10.65% Nov 2028 NCD, a secured, rated NCD. It pays a 10.65% p.a. coupon, monthly. 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.

DateAgencyRatingOutlookStatusSource
6 Oct 2026 CARE A- Stable Latest CARE press release →
30 Sep 2026 CARE BBB+ — Superseded BSE listing
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →
Alert me about Manba Finance Limited 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 INE939X07275: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-06 100.4200 10.9100 17
2026-11-05 100.1100 11.1000 21
2026-11-04 100.0400 11.1500 24
2026-11-03 100.1400 11.0800 31
2026-11-02 100.1185 — 50
2026-10-30 100.0700 11.1300 27
2026-10-29 100.3500 10.9600 25
2026-10-28 100.0800 11.1200 24
2026-10-27 100.1800 11.0600 18
2026-10-26 100.0600 11.1400 32

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CARE 2026-10-06
Rating Actions History 0 — —
Secondary-Market Trades 10 BSE 2026-11-06
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
NSDL debt master
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.

Current Price (Clean)
₹10,042.00
YTM10.91%
Trade Date 6 Nov 2026 2d ago
SourceBSE
Accrued interest (est.) · record date unclear₹45.81
Dirty price (est.)₹10,087.81
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE939X07275
Issue Date
24 Sep 2026
Maturity Date
24 Nov 2028
Listing
BSE
Payment Frequency
Monthly
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Manba Finance 10.65% Nov 2028 NCD?

Manba Finance 10.65% Nov 2028 NCD carries a coupon of 10.65%, paid monthly, on a face value of ₹10,000.

When does Manba Finance 10.65% Nov 2028 NCD mature?

Manba Finance 10.65% Nov 2028 NCD matures on 24 Nov 2028, 2.0 years from today.

What is Manba Finance 10.65% Nov 2028 NCD rated?

Manba Finance 10.65% Nov 2028 NCD is rated A- by CARE (rating dated 6 Oct 2026).

Is Manba Finance 10.65% Nov 2028 NCD secured?

Manba Finance 10.65% Nov 2028 NCD is a secured bond.

Where does Manba Finance 10.65% Nov 2028 NCD trade?

Manba Finance 10.65% Nov 2028 NCD is listed on BSE.

What yield does Manba Finance 10.65% Nov 2028 NCD currently offer?

The last recorded trade on 6 Nov 2026 priced Manba Finance 10.65% Nov 2028 NCD at ₹10,042.00 per bond, implying a yield to maturity of 10.91%.

More Bonds from This Issuer

M
Manba Finance 11.25% Feb 2027 NCD
INE939X07192
A-
Coupon
11.25%
Maturity
09 Feb 2027
M
Manba Finance 11.50% Feb 2027 NCD
INE939X08059
A-
Coupon
11.50%
Maturity
17 Feb 2027
M
Manba Finance 11.30% Jun 2027 NCD
INE939X07200
A-
Coupon
11.30%
Maturity
05 Jun 2027
M
Manba Finance 11.25% Jul 2027 NCD
INE939X07226
A-
Coupon
11.25%
Maturity
27 Jul 2027
Compare (/) Compare Bonds

Comparable NCDs maturing near 2028

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 10.65%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE0D4Z07029Best Finance Corporation LimitedBBB+10.70%2028-06-12
INE0MYJ07211Progfin Private LimitedBBB+10.70%2028-03-24
INE804IA7022ECL Finance LimitedAA NSDL record, 201810.60%2029-01-04
INE342T07544Navi Finserv LimitedA10.75%2027-12-31
INE342T07601Navi Finserv LimitedA10.75%2028-08-19
INE342T07668Navi Finserv LimitedA10.75%2028-12-31

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