Kerala Financial Corporation

Corporate

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Methodology v1.0 Download Report (PDF)
Latest Rating
AA (ACUITE)
Total Debt Outstanding
₹1,707 Cr
Across 25 instruments
Listed Bonds
25
First Issue
2019-07-09
Latest Issue
2025-07-23
Maturity Range
2026 - 2035
Observation
25 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Issuer Type
Corporate
First Tracked Bond
2019-07-09
Start of this issuer's debt program timeline
  • 25 active bonds tracked from this issuer.
  • 25 of 25 tracked bonds with a stated security status are secured. (based on 25 bonds with a disclosed security status)

Operating in India, Kerala Financial Corporation is classified as a corporate issuer. Bond coupons here span 7.70% - 8.90%, paid quarterly. The maturity ladder spans 2026 - 2035.

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
25
Tracked by RetailBonds
Amount Tracked
₹1,707 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
8.54%
Range 7.70% - 8.90%
Avg Remaining Tenure
4.7 Yrs
Nearest maturity 2026-09
Secured
100%
25 of 25 bonds with known status
Callable
0
Of 25 bonds
Avg Spread vs G-Sec
+210 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (4 bonds).

0 2026: 1 bond, ₹50 Cr tracked, avg coupon 7.70% 1 bond 2026 2027: 1 bond, ₹50 Cr tracked, avg coupon 7.70% 1 bond 2027 2028: 1 bond, ₹50 Cr tracked, avg coupon 7.70% 1 bond 2028 2029: 3 bonds, ₹200 Cr tracked, avg coupon 8.41% 3 bonds 2029 2030: 4 bonds, ₹261 Cr tracked, avg coupon 8.53% 4 bonds 2030 2031: 4 bonds, ₹291 Cr tracked, avg coupon 8.75% 4 bonds 2031 2032: 4 bonds, ₹291 Cr tracked, avg coupon 8.75% 4 bonds 2032 2033: 4 bonds, ₹291 Cr tracked, avg coupon 8.75% 4 bonds 2033 2034: 2 bonds, ₹141 Cr tracked, avg coupon 8.73% 2 bonds 2034 2035: 1 bond, ₹80 Cr tracked, avg coupon 8.58% 1 bond 2035

Security Type / Instrument Mix

  • NCD 25 bonds · 100% · ₹1,707 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹250 Cr issued 2020 2023: ₹750 Cr issued 2023 2024: ₹307 Cr issued 2024 2025: ₹400 Cr issued 2025 Cumulative: ₹250 Cr Cumulative: ₹1,000 Cr Cumulative: ₹1,307 Cr Cumulative: ₹1,707 Cr

Based on 25 of 25 active bonds with a known issue date and issue size.

03 Credit Profile
  • AA 25 bonds · 100%
AgencyRatingOutlookBonds
ACUITE AA 10
ACUITE AA Stable 10
INFOMERICS AA 8
BRICKWORK AA 3

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE818F07104 KFC-7.7%-STRPA-14-9-26-PVT 7.70% AA (BRICKWORK) 2026-09-14
INE818F07112 KFC-7.7%-STRPB-14-9-27-PVT 7.70% AA (ACUITE) 2027-09-14
INE818F07120 KFC-7.7%-STRPC-14-9-28-PVT 7.70% AA (BRICKWORK) 2028-09-14
INE818F07229 8.63% SECURED RATED LISTED REDEEMABLE BOND SERIES II 2023 STRPP A DATE OF MATURITY 30/03/2029 8.63% AA (ACUITE) 2029-03-30
INE818F07153 8.9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES I STRPP A DATE OF MATURITY 30/03/2029 8.90% AA (ACUITE) 2029-03-30
INE818F07138 KFC-7.7%-STRPD-14-9-29-PVT 7.70% AA (BRICKWORK) 2029-09-14
INE818F07252 8.89% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES I 2024 STRPP A DATE OF MATURITY 13/03/2030 8.89% AA (ACUITE) 2030-03-13
INE818F07161 8.9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES I STRPP B DATE OF MATURITY 29/03/2030 8.90% AA (INFOMERICS) 2030-03-29 8.93% 2026-08-19
INE818F07237 8.63% SECURED RATED LISTED REDEEMABLE BOND SERIES II 2023 STRPP B DATE OF MATURITY 29/03/2030 8.63% AA (ACUITE) 2030-03-29
INE818F07146 KFC-7.7%-STRPE-14-9-30-PVT 7.70% AA (ACUITE) 2030-09-14
INE818F07260 8.89% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES I 2024 STRPP B DATE OF MATURITY 13/03/2031 8.89% AA (ACUITE) 2031-03-13
INE818F07211 8.63% SECURED RATED LISTED REDEEMABLE BOND SERIES II 2023 STRPP C DATE OF MATURITY 31/03/2031 8.63% AA (ACUITE) 2031-03-31
INE818F07179 8.9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES I STRPP C DATE OF MATURITY 31/03/2031 8.90% AA (ACUITE) 2031-03-31 8.71% 2026-08-21
INE818F07344 KFC-8.58%-22-7-31-PVT 8.58% AA (INFOMERICS) 2031-07-22
INE818F07278 8.89% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES I 2024 STRPP C DATE OF MATURITY 13/03/2032 8.89% AA (INFOMERICS) 2032-03-13
INE818F07245 8.63% SECURED RATED LISTED REDEEMABLE BOND SERIES II 2023 STRPP D DATE OF MATURITY 31/03/2032 8.63% AA (INFOMERICS) 2032-03-31
INE818F07187 8.9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES I STRPP D DATE OF MATURITY 31/03/2032 8.90% AA (INFOMERICS) 2032-03-31
INE818F07302 KFL-8.58%-22-7-32-PVT 8.58% AA (INFOMERICS) 2032-07-22
INE818F07294 8.89% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES I 2024 STRPP D DATE OF MATURITY 13/03/2033 8.89% AA (ACUITE) 2033-03-13 8.54% 2026-08-10
INE818F07203 8.63% SECURED RATED LISTED REDEEMABLE BOND SERIES II 2023 STRPP E DATE OF MATURITY 24/03/2033 8.63% AA (INFOMERICS) 2033-03-24
INE818F07195 8.9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES I STRPP E DATE OF MATURITY 24/03/2033 8.90% AA (ACUITE) 2033-03-24
INE818F07310 KFC-8.58%-22-7-33-PVT 8.58% AA (ACUITE) 2033-07-22
INE818F07286 8.89% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES I 2024 STRPP E DATE OF MATURITY 13/03/2034 8.89% AA (ACUITE) 2034-03-13
INE818F07336 KFC-8.58%-21-7-34-PVT 8.58% AA (ACUITE) 2034-07-21
INE818F07328 KFC-8.58%-20-7-35-PVT 8.58% AA (INFOMERICS) 2035-07-20
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

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

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
8
Avg. Yield (Last 30 Days)
8.71%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 31 2025-07-31
Rating Actions History 0
Secondary-Market Trades 12 2026-08-21
Reg52(4) Payment Disclosures 0

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

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Frequently Asked Questions
How many active bonds does Kerala Financial Corporation have?

Kerala Financial Corporation currently has 25 active bonds with coupons 7.70% - 8.90%, maturities spanning 2026 - 2035.

What is Kerala Financial Corporation's credit rating?

The most recent rating on Kerala Financial Corporation's bonds is AA (ACUITE), published by ACUITE, BRICKWORK, INFOMERICS.

Are Kerala Financial Corporation's bonds secured?

Of the 25 bonds with a disclosed security status, 25 are secured (100%) and 0 are unsecured.

When do Kerala Financial Corporation's bonds mature?

Kerala Financial Corporation's active bonds mature between 2026 - 2035; the nearest matures in 2026-09; the average tenure is 4.7 Yrs.

What is the average coupon on Kerala Financial Corporation's bonds?

The average coupon across Kerala Financial Corporation's 25 active bonds is 8.54%.

Disclaimer: This page aggregates publicly available data about Kerala Financial Corporation 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.