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National Highways Infra Trust — Bonds & AA (CARE) Rating

Corporate · Infrastructure

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA (CARE)
Most common current rating on senior bonds
3 of 5 rated · CARE, 28 Jun 2026
Total Debt Outstanding
₹6,002 Cr
Across 7 instruments
Active Bonds
7
First Issue
25 Oct 2022
Latest Issue
30 Jan 2025
Maturity Range
2034 - 2047
Observation
7 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings CARE AA, India Ratings AAA
  • Rating range Current ratings range from AA (CARE 28 Jun 2026) to AAA (India Ratings 28 Feb 2025)
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 28 Jun 2026
  • Payment record 3 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 3 of 7 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 National Highways Infra Trust 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
Infrastructure
Issuer Type
Corporate
First Tracked Bond
25 Oct 2022
Start of this issuer's debt program timeline
  • 7 active bonds tracked from this issuer.
  • 7 of 7 tracked bonds with a stated security status are secured. (based on 7 bonds with a disclosed security status)

Operating in the Infrastructure sector, National Highways Infra Trust is classified as a corporate issuer. Bond coupons here span 7.00% - 7.90%, paid semi-annually. The maturity ladder spans 2034 - 2047.

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
7
Tracked by RetailBonds
Amount Tracked
₹6,002 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.68%
Range 7.00% - 7.90%
Avg Remaining Tenure
12.8 Yrs
Nearest maturity Jan 2034
Secured
100%
7 of 7 bonds with known status
Callable
0
Of 7 bonds
Avg Spread vs G-Sec
+39 bps
Credit premium, from 3 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (3 bonds).

0 2034: 1 bond, ₹1,016 Cr tracked 1 bond 2034 2035: 2 bonds, ₹1,466 Cr tracked, avg coupon 7.90% 2 bonds 2035 2040: 1 bond, ₹450 Cr tracked, avg coupon 7.90% 1 bond 2040 2042+: 3 bonds, ₹3,070 Cr tracked, avg coupon 7.45% 3 bonds 2042+

Security Type / Instrument Mix

  • NCD 7 bonds · 100% · ₹6,002 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2022: ₹1,500 Cr issued 2022 2024: ₹1,400 Cr issued 2024 2025: ₹3,102 Cr issued 2025 Cumulative: ₹1,500 Cr Cumulative: ₹2,900 Cr Cumulative: ₹6,002 Cr

Based on 7 of 7 active bonds with a known issue date and issue size.

03 Credit Profile
  • AAA 4 bonds · 57%
  • AA 3 bonds · 43%
AgencyRatingOutlookBonds
CARE AA — 3
India Ratings AAA Stable 2
CARE AAA NSDL record — 1
India Ratings AAA NSDL record — 1

Recent Rating Actions

No rating action history available.

NCD Public Issues
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0H7R07066 National Highways Infra Trust ZC Jan 2034 NCD — AAA (India Ratings) 2034-01-30 — —
INE0H7R07058 National Highways Infra Trust ZC Jan 2035 NCD — AAA (India Ratings) 2035-01-30 — 2026-09-04
INE0H7R07017 National Highways Infra Trust 7.90% Oct 2035 NCD 7.90% AA (CARE) 2035-10-25 7.65% 2026-11-06
INE0H7R07025 National Highways Infra Trust 7.90% Oct 2040 NCD 7.90% AA (CARE) 2040-10-25 7.77% 2026-11-06
INE0H7R07041 National Highways Infra Trust 7.00% Dec 2041 NCD 7.00% AAA (CARE, NSDL record 2024) 2041-12-11 — —
INE0H7R07074 National Highways Infra Trust Jan 2042 NCD — AAA (India Ratings, NSDL record 2025) 2042-01-30 — —
INE0H7R07033 National Highways Infra Trust 7.90% Oct 2047 NCD 7.90% AA (CARE) 2047-10-25 7.71% 2026-11-06
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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.

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)
60
Avg. Yield (Last 30 Days)
7.74%
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
25 Oct 2026 7.90% SECURED RATED LISTED... Interest ₹17,82,00,000.00 ₹17,82,00,000.00 Paid XBRL →
25 Oct 2026 7.90% SECURED RATED LISTED... Interest ₹17,82,00,000.00 ₹17,82,00,000.00 Paid XBRL →
25 Oct 2026 7.90% SECURED RATED LISTED... Interest ₹23,76,00,000.00 ₹23,76,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — 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) 7 2026-06-28
Rating Actions History 0 —
Secondary-Market Trades 261 2026-11-06
Reg52(4) Payment Disclosures 3 2026-10-25

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 Infra Trust have?

National Highways Infra Trust currently has 7 active bonds with coupons of 7.00% - 7.90%, maturities spanning 2034 - 2047.

What is National Highways Infra Trust's credit rating?

The most common current rating on National Highways Infra Trust's senior bonds is AA (CARE). Ratings on file come from CARE, India Ratings.

Are National Highways Infra Trust's bonds secured?

Of the 7 bonds with a disclosed security status, 7 are secured (100%) and 0 are unsecured.

When do National Highways Infra Trust's bonds mature?

National Highways Infra Trust's active bonds mature between 2034 - 2047; the nearest matures in Jan 2034; the average tenure is 12.8 Yrs.

What is the average coupon on National Highways Infra Trust's bonds?

The average coupon across National Highways Infra Trust's 7 active bonds is 7.68%.

Disclaimer: This page aggregates publicly available data about National Highways Infra Trust 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.