National Highways Authority Of India

Corporate · Infrastructure

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Methodology v1.0 Download Report (PDF)
Latest Rating
AAA (INDIA_RATINGS)
Total Debt Outstanding
₹223,114 Cr
Across 64 instruments
Listed Bonds
64
First Issue
2012-01-25
Latest Issue
2022-09-30
Maturity Range
2026 - 2050
Observation
64 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Infrastructure
Issuer Type
Corporate
First Tracked Bond
2012-01-25
Start of this issuer's debt program timeline
  • 64 active bonds tracked from this issuer.
  • 62 of 64 tracked bonds with a stated security status are secured. (based on 64 bonds with a disclosed security status)

National Highways Authority Of India, a corporate issuer in the infrastructure sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 5.00% - 8.75%, paid annual. Maturities on outstanding bonds fall between 2026 - 2050.

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
64
Tracked by RetailBonds
Amount Tracked
₹223,114 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.07%
Range 5.00% - 8.75%
Avg Remaining Tenure
7.8 Yrs
Nearest maturity 2026-08
Secured
96%
62 of 64 bonds with known status
Callable
15
Of 64 bonds
Avg Spread vs G-Sec
+18 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (11 bonds).

0 2026: 5 bonds, ₹6,657 Cr tracked, avg coupon 5.00% 5 2026 2027: 8 bonds, ₹15,935 Cr tracked, avg coupon 5.41% 8 2027 2028: 1 bond, ₹850 Cr tracked, avg coupon 8.48% 1 2028 2029: 10 bonds, ₹39,422 Cr tracked, avg coupon 8.17% 10 2029 2030: 3 bonds, ₹7,423 Cr tracked, avg coupon 7.39% 3 2030 2031: 6 bonds, ₹14,311 Cr tracked, avg coupon 7.32% 6 2031 2032: 3 bonds, ₹11,180 Cr tracked, avg coupon 7.30% 3 2032 2033: 1 bond, ₹3,000 Cr tracked, avg coupon 7.04% 1 2033 2034: 2 bonds, ₹9,000 Cr tracked, avg coupon 7.34% 2 2034 2035: 4 bonds, ₹12,119 Cr tracked, avg coupon 7.27% 4 2035 2036: 2 bonds, ₹10,791 Cr tracked, avg coupon 7.23% 2 2036 2037: 2 bonds, ₹8,941 Cr tracked, avg coupon 7.03% 2 2037 2038: 1 bond, ₹6,000 Cr tracked, avg coupon 7.26% 1 2038 2039: 1 bond, ₹6,000 Cr tracked, avg coupon 7.28% 1 2039 2040: 3 bonds, ₹17,731 Cr tracked, avg coupon 7.09% 3 2040 2041: 1 bond, ₹5,000 Cr tracked, avg coupon 8.03% 1 2041 2042+: 11 bonds, ₹48,755 Cr tracked, avg coupon 7.61% 11 2042+

Security Type / Instrument Mix

  • NCD 64 bonds · 100% · ₹223,114 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2012: ₹3,283 Cr issued 2012 2013: ₹850 Cr issued 2013 2014: ₹2,922 Cr issued 2014 2015: ₹3,323 Cr issued 2015 2016: ₹23,041 Cr issued 2016 2017: ₹27,000 Cr issued 2017 2018: ₹6,755 Cr issued 2018 2019: ₹47,000 Cr issued 2019 2020: ₹54,511 Cr issued 2020 2021: ₹37,837 Cr issued 2021 2022: ₹16,593 Cr issued 2022 Cumulative: ₹3,283 Cr Cumulative: ₹4,133 Cr Cumulative: ₹7,054 Cr Cumulative: ₹10,378 Cr Cumulative: ₹33,418 Cr Cumulative: ₹60,418 Cr Cumulative: ₹67,173 Cr Cumulative: ₹114,173 Cr Cumulative: ₹168,684 Cr Cumulative: ₹206,521 Cr Cumulative: ₹223,114 Cr

Based on 64 of 64 active bonds with a known issue date and issue size.

03 Credit Profile
  • AAA 64 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AAA 28
CARE AAA 16
INDIA_RATINGS AAA 16
ICRA AAA 12
CRISIL AAA Stable 5
BRICKWORK AAA 1

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE906B07IQ4 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 31/08/2026 5.00% AAA (CARE) 2026-08-31
INE906B07IR2 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 30/09/2026 5.00% AAA (ICRA) 2026-09-30
INE906B07IS0 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 31/10/2026 5.00% AAA (INDIA_RATINGS) 2026-10-31
INE906B07IT8 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 30/11/2026 5.00% AAA (ICRA) 2026-11-30
INE906B07IU6 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 31/12/2026 5.00% AAA (CRISIL) 2026-12-31
INE906B07CB9 8.3% Tax free Secured Redeemable Non Convertible Bonds Date of Maturity:25/01/2027 8.30% AAA (CRISIL) 2027-01-25 2026-08-26
INE906B07IV4 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 31/01/2027 5.00% AAA (CRISIL) 2027-01-31
INE906B07IW2 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 28/02/2027 5.00% AAA (INDIA_RATINGS) 2027-02-28
INE906B07IX0 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BONDS IN THE NATURE OF DEBENTURES. SERIES XXII. DATE OF MATURITY 31/03/2027 5.00% AAA (INDIA_RATINGS) 2027-03-31
INE906B07JC2 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BOND IN THE NATURE OF DEBENTURES SERIES XXIII. DATE OF MATURITY 30/06/2027. 5.00% AAA (CRISIL) 2027-06-30
INE906B07JD0 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BOND IN THE NATURE OF DEBENTURES SERIES XXIII. DATE OF MATURITY 31/07/2027. 5.00% AAA (CRISIL) 2027-07-31
INE906B07JE8 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE 54EC BOND IN THE NATURE OF DEBENTURES SERIES XXIII. DATE OF MATURITY 31/08/2027. 5.00% AAA (INDIA_RATINGS) 2027-08-31
INE906B07JF5 5% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE BOND SERIES - 54EC BONDS (TR-XXIII). DATE OF MATURITY 30/09/2027. 5.00% AAA (CRISIL) 2027-09-30
INE906B07DB7 NHAI-8.48%-IB-22-11-28-PVT 8.48% AAA (CRISIL) 2028-11-22 5.28% 2026-08-11
INE906B07GN5 NHAI-8.37%-20-1-29-PVT 8.37% AAA (ICRA) 2029-01-20 7.12% 2026-08-19
INE906B07GO3 NHAI-8.49%-5-2-29-PVT 8.49% AAA (INDIA_RATINGS) 2029-02-05
INE906B07DF8 8.75% (FOR CATEGORY IV) SECURED NON CONVERTIBLE TRANCEH I SERIES IIB BONDS. DATE OF MATURITY 05/02/2029 8.75% AAA (BRICKWORK) 2029-02-05 3.99% 2026-08-26
INE906B07DE1 8.50% (FOR CATEGORY I, II & III) SECURED NON CONVERTIBLE TRANCHE I SERIES IIA BONDS. DATE OF MATURITY 05/02/2029 8.50% AAA (CRISIL) 2029-02-05 3.95% 2026-08-26
INE906B07GP0 NHAI-8.27%-28-3-29-PVT 8.27% AAA (CRISIL) 2029-03-28 7.22% 2026-08-13
INE906B07HD4 NHAI-8.36%-20-5-29-PVT 8.36% AAA (CARE) 2029-05-20 7.05% 2026-08-17
INE906B07HE2 NHAI-7.92%-6-6-29-PVT 7.92% AAA (CARE) 2029-06-06
INE906B07HF9 NHAI-7.80%-26-6-29-PVT 7.80% AAA (CRISIL) 2029-06-26
INE906B07HG7 7.49% SECURED RATED LISTED TAXABLE REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES IV. DATE OF MATURITY 01/08/2029 7.49% AAA (CARE) 2029-08-01
INE906B07HH5 NHAI-7.70%-13-9-29-PVT 7.70% AAA (CARE) 2029-09-13 7.26% 2026-08-10
INE906B07HK9 NHAI-7.54%-27-1-30-PVT 7.54% AAA (CRISIL) 2030-01-27
INE906B07HP8 NHAI-7.35%-28-4-30-PVT 7.35% AAA (CRISIL) 2030-04-28
INE906B07EF6 7.28% SECURED REDEEMABLE TAX FREE NON CONVERTIBLE BONDS IN TEH NATURE OF DEBENTURES. SERIES NHAI-IIB. DATE OF MATURITY 18/09/2030 7.28% AAA (CRISIL) 2030-09-18 5.27% 2026-08-11
INE906B07EI0 7.35% SECURED REDEEMABLE TAX FREE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES IIA. DATE OF MATURITY 11/01/2031 7.35% AAA (ICRA) 2031-01-11 4.64% 2026-08-26
INE906B07EJ8 7.6% SECURED REDEEMABLE TAX FREE NON CONVERTIBLE BONDS IN TEH NATURE OF DEBENTURES. SERIES IIB. DATE OF MATURITY 11/01/2031 7.60% AAA (CRISIL) 2031-01-11 4.61% 2026-08-26
INE906B07EL4 7.39% SECURED REDEEMABLE TAX FREE NON CONVERTIBLE BONDS IN TEH NATURE OF DEBENTURES. SERIES IIIB. DATE OF MATURITY 18/02/2031 7.39% AAA (INDIA_RATINGS) 2031-02-18
INE906B07EO8 7.39% SECURED REDEEMABLE TAX FREE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES IIA. DATE OF MATURITY 09/03/2031 7.39% AAA (INDIA_RATINGS) 2031-03-09 0.86% 2026-08-26
INE906B07EP5 7.69% SECURED REDEEMABLE TAX FREE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES IIB. DATE OF MATURITY 09/03/2031 7.69% AAA (CRISIL) 2031-03-09 4.01% 2026-08-26
INE906B07IE0 NHAI-6.50%-11-4-31-PVT 6.50% AAA (ICRA) 2031-04-11 7.30% 2026-07-22
INE906B07JA6 NHAI-6.87%-14-04-32-PVT 6.87% AAA (CRISIL) 2032-04-14
INE906B07FW8 NHAI-7.38%-24-8-32-PVT 7.38% AAA (CARE) 2032-08-24
INE906B08021 NHAI-7.64%-22-11-32-PVT 7.64% AAA (INDIA_RATINGS) 2032-11-22
INE906B08039 7.04% UNSECURED LISTED RATED REDEEMABLE TAXABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES-VI. DATE OF MATURITY 21/09/2033 7.04% AAA (CARE) 2033-09-21
INE906B07IL5 6.81% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES XII. DATE OF MATURITY 30/03/2034 6.81% AAA (ICRA) 2034-03-30
INE906B07HI3 7.87%-NHAL-09-12-2034-PVT 7.87% AAA (CRISIL) 2034-12-09
INE906B07HL7 NHAI-7.27%-24-2-35-PVT 7.27% AAA (CRISIL) 2035-02-24 7.34% 2026-08-17
INE906B07HO1 NHAI-7.82%-30-3-35-PVT 7.82% AAA (CRISIL) 2035-03-30
INE906B07IC4 6.99% SECURED LISTED RATED REDEEMABLE TAXABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES II. DATE OF MATURITY 28/05/2035 6.99% AAA (ICRA) 2035-05-28
INE906B07ID2 NHAI-6.98%-29-6-35-PVT 6.98% AAA (CRISIL) 2035-06-29 7.35% 2026-08-18
INE906B07HN3 NHAI-7.52%-19-3-36-PVT 7.52% AAA (CRISIL) 2036-03-19
INE906B07II1 NHAI-6.94%-30-12-36-PVT 6.94% AAA (CRISIL) 2036-12-30
INE906B07JB4 NHAI-7.12%-14-3-37-PVT 7.12% AAA (CRISIL) 2037-03-14
INE906B07IG5 NHAI-6.94%-27-11-2037 6.94% AAA (CRISIL) 2037-11-27
INE906B07IY8 NHAI-7.26%-10-8-38-PVT 7.26% AAA (CRISIL) 2038-08-10 7.32% 2026-08-06
INE906B07IK7 NHAI-7.28%-8-3-39-PVT 7.28% AAA (CRISIL) 2039-03-08
INE906B07IJ9 7.10% SECURED LISTED RATED SENIOR REDEEMABLE TAXABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES-X. DATE OF MATURITY 18/02/2040. 7.10% AAA (CRISIL) 2040-02-18
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)
152
Avg. Yield (Last 30 Days)
4.9%
06 Payment Disclosures (SEBI Reg52(4)) 3 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
2026-08-02 10 YRS G-SEC RATE LINKED SECURED... Interest ₹1,741,600,000.00 ₹1,741,600,000.00 Paid XBRL →
2026-08-01 7.49% SECURED RATED LISTED TAXABLE... Interest ₹3,269,400,000.00 ₹3,269,400,000.00 Paid XBRL →
2026-08-01 7.49% SECURED RATED LISTED TAXABLE... Interest ₹3,269,400,000.00 ₹3,269,400,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

07 Regulatory Filings

No regulatory filings captured yet for this issuer.

08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 78 2022-05-31
Rating Actions History 0
Secondary-Market Trades 284 2026-08-26
Reg52(4) Payment Disclosures 3 2026-08-02

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

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Frequently Asked Questions
How many active bonds does National Highways Authority Of India have?

National Highways Authority Of India currently has 64 active bonds with coupons 5.00% - 8.75%, maturities spanning 2026 - 2050.

What is National Highways Authority Of India's credit rating?

The most recent rating on National Highways Authority Of India's bonds is AAA (INDIA_RATINGS), published by BRICKWORK, CARE, CRISIL, ICRA, INDIA_RATINGS.

Are National Highways Authority Of India's bonds secured?

Of the 64 bonds with a disclosed security status, 62 are secured (96%) and 2 are unsecured.

When do National Highways Authority Of India's bonds mature?

National Highways Authority Of India's active bonds mature between 2026 - 2050; the nearest matures in 2026-08; the average tenure is 7.8 Yrs.

What is the average coupon on National Highways Authority Of India's bonds?

The average coupon across National Highways Authority Of India's 64 active bonds is 7.07%.

Disclaimer: This page aggregates publicly available data about National Highways Authority Of India 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.