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Kerala — Bonds

State Govt · Sovereign

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
—
Total Debt Outstanding
₹1,868 Cr
Across 217 instruments
Active Bonds
217
First Issue
9 Nov 2016
Latest Issue
14 Oct 2026
Maturity Range
2026 - 2064
Observation
217 active bonds tracked from this issuer.
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 5 of 217 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Kerala 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
9 Nov 2016
Start of this issuer's debt program timeline
  • 217 active bonds tracked from this issuer.

Kerala is a State Government entity in the Sovereign sector. Coupon rates on outstanding bonds range from 6.17% - 8.96%, paid semi-annually. Bonds mature between 2026 - 2064.

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
217
Tracked by RetailBonds
Amount Tracked
₹1,868 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 122 of 217 bonds)
Avg Coupon
7.46%
Range 6.17% - 8.96%
Avg Remaining Tenure
12.2 Yrs
Nearest maturity Nov 2026
Secured
—
No security status on file
Callable
0
Of 217 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (80 bonds).

0 2026: 3 bonds, avg coupon 7.17% 3 2026 2027: 14 bonds, ₹40 Cr tracked, avg coupon 7.08% 14 2027 2028: 16 bonds, ₹17 Cr tracked, avg coupon 8.10% 16 2028 2029: 20 bonds, ₹10 Cr tracked, avg coupon 7.63% 20 2029 2030: 10 bonds, ₹40 Cr tracked, avg coupon 7.33% 10 2030 2031: 5 bonds, ₹47 Cr tracked, avg coupon 6.89% 5 2031 2032: 7 bonds, ₹85 Cr tracked, avg coupon 7.49% 7 2032 2033: 5 bonds, ₹15 Cr tracked, avg coupon 7.67% 5 2033 2034: 9 bonds, ₹111 Cr tracked, avg coupon 7.50% 9 2034 2035: 7 bonds, ₹87 Cr tracked, avg coupon 7.50% 7 2035 2036: 6 bonds, ₹92 Cr tracked, avg coupon 7.28% 6 2036 2037: 5 bonds, ₹50 Cr tracked, avg coupon 7.34% 5 2037 2038: 6 bonds, ₹65 Cr tracked, avg coupon 7.36% 6 2038 2039: 10 bonds, ₹133 Cr tracked, avg coupon 7.46% 10 2039 2040: 8 bonds, ₹62 Cr tracked, avg coupon 7.27% 8 2040 2041: 6 bonds, ₹55 Cr tracked, avg coupon 7.38% 6 2041 2042+: 80 bonds, ₹959 Cr tracked, avg coupon 7.45% 80 2042+

Security Type / Instrument Mix

  • SDL 217 bonds · 100% · ₹1,868 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹116 Cr issued 2020 2021: ₹200 Cr issued 2021 2022: ₹189 Cr issued 2022 2023: ₹360 Cr issued 2023 2024: ₹325 Cr issued 2024 2025: ₹281 Cr issued 2025 2026: ₹396 Cr issued 2026 Cumulative: ₹116 Cr Cumulative: ₹316 Cr Cumulative: ₹505 Cr Cumulative: ₹865 Cr Cumulative: ₹1,191 Cr Cumulative: ₹1,472 Cr Cumulative: ₹1,868 Cr

Based on 122 of 217 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • Unrated 217 bonds · 100%

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
IN2020160106 Kerala 7.38% 09 Nov 2026 SDL 7.38% — 2026-11-09 — —
IN2020160114 Kerala 6.85% 23 Nov 2026 SDL 6.85% — 2026-11-23 — —
IN2020160122 Kerala 7.29% 28 Dec 2026 SDL 7.29% — 2026-12-28 — —
IN2020160130 Kerala 7.15% 11 Jan 2027 SDL 7.15% — 2027-01-11 — —
IN2020160148 Kerala 7.77% 01 Mar 2027 SDL 7.77% — 2027-03-01 — —
IN2020160155 Kerala 7.80% 15 Mar 2027 SDL 7.80% — 2027-03-15 — —
IN2020200290 Kerala 6.72% 24 Mar 2027 SDL 6.72% — 2027-03-24 — 2026-08-28
IN2020170014 Kerala 7.64% 12 Apr 2027 SDL 7.64% — 2027-04-12 — —
IN2020170022 Kerala 7.55% 11 May 2027 SDL 7.55% — 2027-05-11 — —
IN2020170030 Kerala 7.20% 14 Jun 2027 SDL 7.20% — 2027-06-14 — —
IN2020170048 Kerala 7.22% 28 Jun 2027 SDL 7.22% — 2027-06-28 — —
IN2020170055 Kerala 7.25% 12 Jul 2027 SDL 7.25% — 2027-07-12 — —
IN2020170063 Kerala 7.19% 26 Jul 2027 SDL 7.19% — 2027-07-26 — —
IN2020200050 Kerala 6.70% 06 Nov 2027 SDL 6.70% — 2027-11-06 — —
IN2020200084 Kerala 6.50% 20 Nov 2027 SDL 6.50% — 2027-11-20 — —
IN2020200225 Kerala 6.22% 02 Dec 2027 SDL 6.22% — 2027-12-02 — —
IN2020200233 Kerala 6.17% 30 Dec 2027 SDL 6.17% — 2027-12-30 — —
IN2020170105 Kerala 7.75% 10 Jan 2028 SDL 7.75% — 2028-01-10 — —
IN2020170113 Kerala 8.20% 07 Feb 2028 SDL 8.20% — 2028-02-07 — —
IN2020170121 Kerala 8.27% 21 Feb 2028 SDL 8.27% — 2028-02-21 — —
IN2020170139 Kerala 8.37% 28 Feb 2028 SDL 8.37% — 2028-02-28 — —
IN2020200266 Kerala 7.02% 03 Mar 2028 SDL 7.02% — 2028-03-03 — —
IN2020170147 Kerala 8.13% 21 Mar 2028 SDL 8.13% — 2028-03-21 — —
IN2020180013 Kerala 8.00% 11 Apr 2028 SDL 8.00% — 2028-04-11 — —
IN2020180039 Kerala 8.33% 30 May 2028 SDL 8.33% — 2028-05-30 — —
IN2020180047 Kerala 8.41% 06 Jun 2028 SDL 8.41% — 2028-06-06 — —
IN2020200134 Kerala 6.73% 10 Jun 2028 SDL 6.73% — 2028-06-10 — —
IN2020180054 Kerala 8.44% 25 Jul 2028 SDL 8.44% — 2028-07-25 — —
IN2020180062 Kerala 8.41% 01 Aug 2028 SDL 8.41% — 2028-08-01 — —
IN2020180088 Kerala 8.50% 21 Aug 2028 SDL 8.50% — 2028-08-21 — —
IN2020180104 Kerala 8.54% 28 Nov 2028 SDL 8.54% — 2028-11-28 — —
IN2020180112 Kerala 8.38% 05 Dec 2028 SDL 8.38% — 2028-12-05 — —
IN2020180120 Kerala 8.19% 19 Dec 2028 SDL 8.19% — 2028-12-19 — —
IN2020180138 Kerala 8.35% 06 Feb 2029 SDL 8.35% — 2029-02-06 — —
IN2020180146 Kerala 8.31% 13 Feb 2029 SDL 8.31% — 2029-02-13 — —
IN2020180161 Kerala 8.35% 13 Mar 2029 SDL 8.35% — 2029-03-13 — —
IN2020190012 Kerala 8.17% 10 Apr 2029 SDL 8.17% — 2029-04-10 — —
IN2020190020 Kerala 8.18% 16 Apr 2029 SDL 8.18% — 2029-04-16 — —
IN2020190038 Kerala 8.16% 24 Apr 2029 SDL 8.16% — 2029-04-24 — —
IN2020190046 Kerala 8.06% 08 May 2029 SDL 8.06% — 2029-05-08 — —
IN2020190053 Kerala 8.01% 15 May 2029 SDL 8.01% — 2029-05-15 — —
IN2020190061 Kerala 7.78% 29 May 2029 SDL 7.78% — 2029-05-29 — —
IN2020190079 Kerala 7.59% 04 Jun 2029 SDL 7.59% — 2029-06-04 — —
IN2020190087 Kerala 7.31% 26 Jun 2029 SDL 7.31% — 2029-06-26 — —
IN2020190095 Kerala 7.28% 03 Jul 2029 SDL 7.28% — 2029-07-03 — —
IN2020190103 Kerala 7.13% 10 Jul 2029 SDL 7.13% — 2029-07-10 — —
IN2020190111 Kerala 7.10% 31 Jul 2029 SDL 7.10% — 2029-07-31 — —
IN2020190129 Kerala 7.15% 14 Aug 2029 SDL 7.15% — 2029-08-14 — —
IN2020190137 Kerala 7.08% 28 Aug 2029 SDL 7.08% — 2029-08-28 — —
IN2020190145 Kerala 7.11% 04 Sep 2029 SDL 7.11% — 2029-09-04 — —
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 (26)
05 Market Activity

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

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
7
Avg. Yield (Last 30 Days)
8.33%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 0 —
Rating Actions History 0 —
Secondary-Market Trades 127 2026-11-04
Reg52(4) Payment Disclosures 0 —

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

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Disclaimer: This page aggregates publicly available data about Kerala 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.