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Gujarat — Bonds

State Govt · Sovereign

As of 9 Nov 2026, Gujarat has 248 active bonds with ₹1,962 Cr outstanding (disclosed for 144 of 248 bonds); no current agency rating is on file.

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Data as of 9 Nov 2026 Methodology v1.0 Download Report (PDF) Watch
Agency Rating
—
Total Debt Outstanding
₹1,962 Cr
Across 248 instruments
Active Bonds
248
First Issue
27 Jan 2016
Latest Issue
21 Oct 2026
Maturity Range
2026 - 2041
Observation
248 active bonds tracked from this issuer.
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies Last Updated: 9 Nov 2026

Gujarat bonds: risks and track record

Nothing flagged on record
  • Current ratings No current rating on file
  • Rating direction, 12 months No rating actions on file
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 12 of 248 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Gujarat 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.
01

Issuer Overview

Sector
Sovereign
Issuer Type
State Govt
First Tracked Bond
27 Jan 2016
Start of this issuer's debt program timeline
  • 248 active bonds tracked from this issuer.

Operating in the Sovereign sector, Gujarat is classified as a State Government entity. Bond coupons here span 6.10% - 8.79%, paid semi-annually. The maturity ladder spans 2026 - 2041.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02

Debt Profile

Outstanding Bonds
248
Tracked by RetailBonds
Amount Tracked
₹1,962 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 144 of 248 bonds)
Avg Coupon
7.37%
Range 6.10% - 8.79%
Avg Remaining Tenure
4.3 Yrs
Nearest maturity Nov 2026
Secured
—
No security status on file
Callable
0
Of 248 bonds
Avg Spread vs G-Sec
+134 bps
Credit premium, from 2 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (35 bonds).

0 2026: 5 bonds, ₹25 Cr tracked, avg coupon 7.37% 5 2026 2027: 24 bonds, ₹87 Cr tracked, avg coupon 7.25% 24 2027 2028: 35 bonds, ₹75 Cr tracked, avg coupon 7.99% 35 2028 2029: 33 bonds, ₹133 Cr tracked, avg coupon 7.54% 33 2029 2030: 31 bonds, ₹260 Cr tracked, avg coupon 6.94% 31 2030 2031: 30 bonds, ₹300 Cr tracked, avg coupon 7.15% 30 2031 2032: 26 bonds, ₹315 Cr tracked, avg coupon 7.38% 26 2032 2033: 22 bonds, ₹247 Cr tracked, avg coupon 7.22% 22 2033 2034: 17 bonds, ₹174 Cr tracked, avg coupon 7.26% 17 2034 2035: 10 bonds, ₹145 Cr tracked, avg coupon 7.34% 10 2035 2036: 5 bonds, ₹45 Cr tracked, avg coupon 7.33% 5 2036 2037: 4 bonds, ₹30 Cr tracked, avg coupon 7.20% 4 2037 2038: 3 bonds, ₹65 Cr tracked, avg coupon 7.77% 3 2038 2039: 1 bond, ₹15 Cr tracked, avg coupon 7.61% 1 2039 2041: 2 bonds, ₹45 Cr tracked, avg coupon 7.69% 2 2041

Security Type / Instrument Mix

  • SDL 248 bonds · 100% · ₹1,962 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹243 Cr issued 2020 2021: ₹220 Cr issued 2021 2022: ₹255 Cr issued 2022 2023: ₹250 Cr issued 2023 2024: ₹240 Cr issued 2024 2025: ₹397 Cr issued 2025 2026: ₹356 Cr issued 2026 Cumulative: ₹243 Cr Cumulative: ₹463 Cr Cumulative: ₹718 Cr Cumulative: ₹968 Cr Cumulative: ₹1,208 Cr Cumulative: ₹1,605 Cr Cumulative: ₹1,962 Cr

Based on 144 of 248 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03

Credit Profile

  • Unrated 248 bonds · 100%

Recent Rating Actions

No rating action history available.

04

Gujarat Bond Interest Rates

Coupons on Gujarat's 248 active bonds range from 6.10% to 8.79%. 10 traded in the last 30 days, at yields from 7.45% to 8.75% (median 8.64%; latest trade 9 Nov 2026).

Gujarat coupon rates and market yields by maturity year
Maturity year Active bonds Coupon range Traded (last 30 days) Median yield
2026 5 7.05% to 7.58% 0 —
2027 24 6.28% to 7.80% 0 —
2028 35 6.10% to 8.79% 2 8.09%
2029 33 6.44% to 8.38% 0 —
2030 31 6.40% to 7.68% 0 —
2031 30 6.57% to 8.38% 1 8.50%
2032 26 6.61% to 7.82% 3 8.72%
2033 22 6.51% to 7.71% 1 8.75%
2034 17 6.69% to 7.72% 2 8.42%
2035 10 6.69% to 7.96% 1 8.74%
2036 5 6.64% to 7.73% 0 —
2037 4 6.65% to 7.63% 0 —
2038 3 7.51% to 8.06% 0 —
2039 1 7.61% 0 —
2041 2 7.59% to 7.79% 0 —

Coupon is the interest rate on face value, from the bond records. Yield is the market yield from the latest BSE/NSE trade, counted only when that trade is at most 30 days old and passes the checks in our methodology.

Calculate the yield on Gujarat 7.96% 14 Oct 2035 SDL (most recently traded; the calculator is pre-filled with its coupon and maturity)

05

Outstanding Bonds

View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
IN1520220154 Gujarat 7.57% 09 Nov 2026 SDL 7.57% — 2026-11-09 — 2026-07-08
IN1520230104 Gujarat 7.58% 29 Nov 2026 SDL 7.58% — 2026-11-29 — 2026-10-27
IN1520160152 Gujarat 7.05% 14 Dec 2026 SDL 7.05% — 2026-12-14 — —
IN1520230146 Gujarat 7.40% 27 Dec 2026 SDL 7.40% — 2026-12-27 — —
IN1520160160 Gujarat 7.24% 28 Dec 2026 SDL 7.24% — 2026-12-28 — —
IN1520230161 Gujarat 7.43% 03 Jan 2027 SDL 7.43% — 2027-01-03 — 2026-11-02
IN1520160178 Gujarat 7.14% 11 Jan 2027 SDL 7.14% — 2027-01-11 — —
IN1520160186 Gujarat 7.19% 25 Jan 2027 SDL 7.19% — 2027-01-25 — —
IN1520240186 Gujarat 6.75% 05 Feb 2027 SDL 6.75% — 2027-02-05 — —
IN1520160194 Gujarat 6.89% 15 Feb 2027 SDL 6.89% — 2027-02-15 — —
IN1520160202 Gujarat 7.71% 01 Mar 2027 SDL 7.71% — 2027-03-01 — —
IN1520200347 Gujarat 6.58% 31 Mar 2027 SDL 6.58% — 2027-03-31 — —
IN1520170011 Gujarat 7.63% 12 Apr 2027 SDL 7.63% — 2027-04-12 — —
IN1520170045 Gujarat 7.20% 24 May 2027 SDL 7.20% — 2027-05-24 — —
IN1520170052 Gujarat 7.20% 14 Jun 2027 SDL 7.20% — 2027-06-14 — —
IN1520240012 Gujarat 7.23% 19 Jun 2027 SDL 7.23% — 2027-06-19 — 2026-09-28
IN1520170060 Gujarat 7.25% 12 Jul 2027 SDL 7.25% — 2027-07-12 — —
IN1520170078 Gujarat 7.17% 26 Jul 2027 SDL 7.17% — 2027-07-26 — —
IN1520170086 Gujarat 7.21% 09 Aug 2027 SDL 7.21% — 2027-08-09 — —
IN1520170094 Gujarat 7.25% 23 Aug 2027 SDL 7.25% — 2027-08-23 — —
IN1520210098 Gujarat 6.28% 01 Sep 2027 SDL 6.28% — 2027-09-01 — —
IN1520230062 Gujarat 7.40% 22 Sep 2027 SDL 7.40% — 2027-09-22 — —
IN1520240046 Gujarat 6.82% 16 Oct 2027 SDL 6.82% — 2027-10-16 — —
IN1520190126 Gujarat 7.19% 23 Oct 2027 SDL 7.19% — 2027-10-23 — —
IN1520170110 Gujarat 7.62% 01 Nov 2027 SDL 7.62% — 2027-11-01 — —
IN1520170128 Gujarat 7.64% 08 Nov 2027 SDL 7.64% — 2027-11-08 — —
IN1520170136 Gujarat 7.75% 13 Dec 2027 SDL 7.75% — 2027-12-13 — —
IN1520170144 Gujarat 7.69% 20 Dec 2027 SDL 7.69% — 2027-12-20 — —
IN1520170151 Gujarat 7.80% 27 Dec 2027 SDL 7.80% — 2027-12-27 — —
IN1520230179 Gujarat 7.47% 03 Jan 2028 SDL 7.47% — 2028-01-03 8.73% 2026-11-04
IN1520170169 Gujarat 7.75% 10 Jan 2028 SDL 7.75% — 2028-01-10 — —
IN1520170177 Gujarat 7.90% 17 Jan 2028 SDL 7.90% — 2028-01-17 — —
IN1520170185 Gujarat 8.05% 31 Jan 2028 SDL 8.05% — 2028-01-31 — —
IN1520170193 Gujarat 8.19% 07 Feb 2028 SDL 8.19% — 2028-02-07 — —
IN1520170201 Gujarat 8.05% 14 Feb 2028 SDL 8.05% — 2028-02-14 — —
IN1520170219 Gujarat 8.23% 21 Feb 2028 SDL 8.23% — 2028-02-21 — —
IN1520170227 Gujarat 8.35% 28 Feb 2028 SDL 8.35% — 2028-02-28 — —
IN1520170235 Gujarat 8.39% 07 Mar 2028 SDL 8.39% — 2028-03-07 — —
IN1520240285 Gujarat 6.87% 12 Mar 2028 SDL 6.87% — 2028-03-12 — —
IN1520170243 Gujarat 8.26% 14 Mar 2028 SDL 8.26% — 2028-03-14 — —
IN1520220337 Gujarat 7.49% 29 Mar 2028 SDL 7.49% — 2028-03-29 — 2026-07-08
IN1520180010 Gujarat 7.77% 11 Apr 2028 SDL 7.77% — 2028-04-11 — —
IN1520180028 Gujarat 7.95% 18 Apr 2028 SDL 7.95% — 2028-04-18 — —
IN1520180036 Gujarat 8.25% 25 Apr 2028 SDL 8.25% — 2028-04-25 — —
IN1520180044 Gujarat 8.16% 09 May 2028 SDL 8.16% — 2028-05-09 — —
IN1520230039 Gujarat 7.18% 07 Jun 2028 SDL 7.18% — 2028-06-07 7.45% 2026-11-03
IN1520230047 Gujarat 7.22% 14 Jun 2028 SDL 7.22% — 2028-06-14 — 2026-09-21
IN1520250085 Gujarat 6.10% 25 Jun 2028 SDL 6.10% — 2028-06-25 — —
IN1520240020 Gujarat 7.05% 14 Aug 2028 SDL 7.05% — 2028-08-14 — —
IN1520180077 Gujarat 8.47% 21 Aug 2028 SDL 8.47% — 2028-08-21 — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

More bonds from this issuer (45)
06

Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
16
Avg. Yield (Last 30 Days)
8.49%
07

Regulatory Filings

No regulatory filings captured yet for this issuer.

08

Methodology & Data Coverage

DatasetCountFreshness
Credit Ratings (current) 0 —
Rating Actions History 0 —
Secondary-Market Trades 292 2026-11-09
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

Frequently Asked Questions
How many active bonds does Gujarat have?

Gujarat currently has 248 active bonds with coupons of 6.10% - 8.79%, maturities spanning 2026 - 2041.

What is the interest rate on Gujarat bonds?

Coupons on Gujarat's 248 active bonds range from 6.10% to 8.79%. The coupon is the fixed interest rate on face value; the market yield depends on the price paid. 10 traded in the last 30 days, at yields from 7.45% to 8.75% (median 8.64%; latest trade 9 Nov 2026).

When do Gujarat's bonds mature?

Gujarat's active bonds mature between 2026 - 2041; the nearest matures in Nov 2026; the average tenure is 4.3 Yrs.

What is the average coupon on Gujarat's bonds?

The average coupon across Gujarat's 248 active bonds is 7.37%.

Where can I buy Gujarat bonds?

By our records, at least 144 of Gujarat's 248 active bonds are listed on NSE. Listed bonds are bought on the exchange through a SEBI-registered stockbroker or an online bond platform provider, into a demat account. 10 of Gujarat's active bonds traded in the last 30 days; many listed bonds trade rarely. RetailBonds.in shows data only and does not sell bonds or advise on them.

Disclaimer: This page aggregates publicly available data about Gujarat for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.