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Bonds Maturing in 2040

53 rated or traded Indian bonds from 32 distinct issuers mature during 2040, with an average coupon of 7.47%. Maturity dates are as filed with the exchanges and NSDL.

Distinct Issuers
32
Secured
48%
Coupon Range
6.68% – 8.75%
Top Instrument Types
NCD (37), SDL (14), G SEC (2)
Bonds Maturing in 2040 53
Bond Issuer Coupon Maturity Rating
Power Finance Corporation 7.11% Jan 2040 NCD Power Finance Corporation Limited 7.11% 2040-01-16 AAA CARE, 7 months ago
Power Finance Corporation 7.16% Jan 2040 NCD Power Finance Corporation Limited 7.16% 2040-01-16 AAA CARE, 7 months ago
National Bank for Financing Infrastructure and Development 7.25% Feb 2040 NCD National Bank for Financing Infrastructure and Development 7.25% 2040-02-03 AAA CRISIL, seen 28 Jun 2026
Indian Railway Finance Corporation 7.28% Feb 2040 NCD Reg52 Indian Railway Finance Corporation Limited 7.28% 2040-02-14 AAA CARE, 3 months ago
National Highways Authority of India 7.10% Feb 2040 NCD National Highways Authority of India 7.10% 2040-02-18 AAA NSDL record, 2021
REC 7.28% Feb 2040 NCD REC Limited 7.28% 2040-02-20 AAA CRISIL, 20 months ago
Karnataka 7.45% Feb 2040 SDL Karnataka 7.45% 2040-02-21 —
NHPC 7.29% Feb 2040 NCD NHPC Limited 7.29% 2040-02-27 AAA India Ratings, 7 months ago
Hyderabad Metropolitan Development Authority 8.70% Mar 2040 NCD Reg52 Hyderabad Metropolitan Development Authority 8.70% 2040-03-15 AA NSDL record, 2026
NTPC 7.26% Mar 2040 NCD NTPC Limited 7.26% 2040-03-20 AAA CRISIL, seen 28 Jun 2026
Uttar Pradesh 7.48% Mar 2040 SDL Uttar Pradesh 7.48% 2040-03-22 —
Rajasthan 7.74% Mar 2040 SDL Rajasthan 7.74% 2040-03-23 —
Uttar Pradesh 7.51% Mar 2040 SDL Uttar Pradesh 7.51% 2040-03-27 —
West Bengal 7.89% Mar 2040 SDL West Bengal 7.89% 2040-03-29 —
Oriental Infratrust 7.02% Mar 2040 NCD Reg52 Oriental Infratrust 7.02% 2040-03-31 AAA CRISIL, seen 28 Jun 2026
Oriental Infratrust 7.12% Mar 2040 NCD Reg52 Oriental Infratrust 7.12% 2040-03-31 AAA NSDL record, 2025
Kohima-Mariani Transmission 6.95% Mar 2040 NCD Kohima-Mariani Transmission Limited 6.95% 2040-03-31 AAA NSDL record, 2021
IndInfravit Trust 7.85% Mar 2040 NCD IndInfravit Trust 7.85% 2040-03-31 AAA ICRA, 3 years ago
Tata Power Renewable Energy 7.55% Apr 2040 NCD Tata Power Renewable Energy Limited 7.55% 2040-04-25 AA+ ICRA, seen 28 Jun 2026
REC 7.02% Apr 2040 NCD REC Limited 7.02% 2040-04-30 AAA ICRA, seen 28 Jun 2026
Summit Digitel Infrastructure 7.31% May 2040 NCD Reg52 Summit Digitel Infrastructure Limited 7.31% 2040-05-04 AAA NSDL record, 2025
NHPC 6.86% May 2040 NCD NHPC Limited 6.86% 2040-05-06 AAA CARE, 17 months ago
West Bengal 7.37% May 2040 SDL West Bengal 7.37% 2040-05-29 —
NHPC 7.67% May 2040 NCD NHPC Limited 7.67% 2040-05-29 AAA India Ratings, 4 months ago
Adani Ports and Special Economic Zone 7.75% May 2040 NCD Adani Ports and Special Economic Zone Limited 7.75% 2040-05-30 AAA CRISIL, 16 months ago
Rajasthan 7.45% Jun 2040 SDL Rajasthan 7.45% 2040-06-05 —
Telangana 7.44% Jun 2040 SDL Telangana 7.44% 2040-06-05 —
Hyderabad Metropolitan Development Authority 8.50% Jun 2040 NCD Reg52 Hyderabad Metropolitan Development Authority 8.50% 2040-06-15 AA+ NSDL record, 2026
ICICI Bank 7.45% Jun 2040 NCD ICICI Bank Limited 7.45% 2040-06-27 AAA NSDL record, 2025
Government of India 8.30% Jul 2040 G-Sec Government of India 8.30% 2040-07-02 —
Government of India 6.68% Jul 2040 G-Sec Government of India 6.68% 2040-07-07 —
IFCI Jul 2040 NCD IFCI Limited — 2040-07-07 B+ Brickwork, 4 days ago
Jammu & Kashmir 7.14% Jul 2040 SDL Jammu & Kashmir 7.14% 2040-07-09 —
Telangana 7.35% Jul 2040 SDL Telangana 7.35% 2040-07-24 —
Bangalore International Airport Jul 2040 NCD Bangalore International Airport Limited — 2040-07-25 AAA NSDL record, 2025
Mizoram 7.26% Aug 2040 SDL Mizoram 7.26% 2040-08-06 —
Tata Power Renewable Energy 7.65% Aug 2040 NCD Reg52 Tata Power Renewable Energy Limited 7.65% 2040-08-31 AA+ NSDL record, 2025
Delhi International Airport 8.75% Sep 2040 NCD Delhi International Airport Limited 8.75% 2040-09-01 AA CARE, 54 days ago
National Highways Authority of India 7.14% Sep 2040 NCD National Highways Authority of India 7.14% 2040-09-10 AAA CRISIL, 6 years ago
Adani Transmission Step-Two 7.80% Sep 2040 NCD Adani Transmission Step-Two Limited 7.80% 2040-09-30 AA+ CRISIL, 12 months ago
Andhra Pradesh 7.85% Oct 2040 SDL Andhra Pradesh 7.85% 2040-10-12 —
National Highways Infra Trust 7.90% Oct 2040 NCD Reg52 National Highways Infra Trust 7.90% 2040-10-25 AA CARE, seen 28 Jun 2026
Indian Railway Finance Corporation 6.85% Oct 2040 NCD Reg52 Indian Railway Finance Corporation Limited 6.85% 2040-10-29 AAA CARE, 3 months ago
IRB InvIT Fund 7.40% Nov 2040 NCD IRB InvIT Fund 7.40% 2040-11-04 AAA India Ratings, 11 months ago
Power Finance Corporation 7.10% Nov 2040 NCD Reg52 Power Finance Corporation Limited 7.10% 2040-11-12 AAA CRISIL, 11 months ago
National Bank for Financing Infrastructure and Development 7.15% Nov 2040 NCD National Bank for Financing Infrastructure and Development 7.15% 2040-11-13 AAA CRISIL, seen 28 Jun 2026
ICICI Bank 7.40% Nov 2040 NCD ICICI Bank Limited 7.40% 2040-11-28 AAA NSDL record, 2025
Indian Railway Finance Corporation 6.85% Dec 2040 NCD Reg52 Indian Railway Finance Corporation Limited 6.85% 2040-12-01 AAA CARE, 3 months ago
Maharashtra 7.43% Dec 2040 SDL Maharashtra 7.43% 2040-12-03 —
Karnataka 7.63% Dec 2040 SDL Karnataka 7.63% 2040-12-14 —
National Highways Authority of India 7.03% Dec 2040 NCD National Highways Authority of India 7.03% 2040-12-15 AAA NSDL record, 2020
Alipurduar Transmission 8.27% Dec 2040 NCD Alipurduar Transmission Limited 8.27% 2040-12-31 AAA NSDL record, 2023
Alipurduar Transmission 8.27% Dec 2040 NCD Alipurduar Transmission Limited 8.27% 2040-12-31 AAA CRISIL, 3 years ago

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