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National Housing Bank — Bonds & AAA (CRISIL) Rating

Bank · Real Estate

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (CRISIL)
Most common current rating on senior bonds
3 of 3 rated · CRISIL, 28 Jun 2026
Total Debt Outstanding
₹36,842 Cr
Across 18 instruments
Active Bonds
18
First Issue
30 Aug 2013
Latest Issue
25 Apr 2025
Maturity Range
2027 - 2034
Observation
18 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AAA, CARE AAA
  • Rating range All current ratings are AAA (CARE 28 Jun 2026, CRISIL 28 Jun 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 11 of 18 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Housing Bank 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
Real Estate
Issuer Type
Bank
First Tracked Bond
30 Aug 2013
Start of this issuer's debt program timeline
  • 18 active bonds tracked from this issuer.
  • 8 of 17 tracked bonds with a stated security status are secured. (based on 17 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 16 Oct 2026.

Operating in the Real Estate sector, National Housing Bank is classified as a bank or financial institution. Bond coupons here span 6.80% - 9.01%, paid annually. The maturity ladder spans 2027 - 2034.

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
18
Tracked by RetailBonds
Amount Tracked
₹36,842 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
8.05%
Range 6.80% - 9.01%
Avg Remaining Tenure
4.3 Yrs
Nearest maturity Jul 2027
Secured
47%
8 of 17 bonds with known status
Callable
0
Of 18 bonds
Avg Spread vs G-Sec
+104 bps
Credit premium, from 4 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (5 bonds).

0 2027: 2 bonds, ₹7,200 Cr tracked, avg coupon 7.59% 2 bonds 2027 2028: 1 bond, ₹883 Cr tracked, avg coupon 8.46% 1 bond 2028 2029: 4 bonds, ₹1,247 Cr tracked, avg coupon 8.78% 4 bonds 2029 2031: 4 bonds, ₹12,380 Cr tracked, avg coupon 7.39% 4 bonds 2031 2032: 2 bonds, ₹9,800 Cr tracked, avg coupon 7.07% 2 bonds 2032 2034: 5 bonds, ₹5,331 Cr tracked, avg coupon 8.49% 5 bonds 2034

Security Type / Instrument Mix

  • NCD 18 bonds · 100% · ₹36,842 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2013: ₹883 Cr issued 2013 2014: ₹2,748 Cr issued 2014 2024: ₹19,930 Cr issued 2024 2025: ₹13,280 Cr issued 2025 Cumulative: ₹883 Cr Cumulative: ₹3,632 Cr Cumulative: ₹23,562 Cr Cumulative: ₹36,842 Cr

Based on 18 of 18 active bonds with a known issue date and issue size.

03 Credit Profile
  • AAA 18 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AAA — 2
CARE AAA — 1
CARE AAA NSDL record — 7
CRISIL AAA NSDL record — 4
ICRA AAA NSDL record — 3
India Ratings AAA NSDL record — 1

Recent Rating Actions

16 Oct 2026 · CRISIL
—
Update
AAA
⊘ Withdrawn · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE557F08FY4 National Housing Bank 7.59% Jul 2027 NCD 7.59% AAA (CRISIL) 2027-07-14 8.08% 2026-10-30
INE557F08FZ1 National Housing Bank 7.59% Sep 2027 NCD 7.59% AAA (CRISIL, NSDL record 2024) 2027-09-08 8.08% 2026-11-04
INE557F07074 National Housing Bank 8.46% Aug 2028 NCD Tax-free 8.46% AAA (CARE, NSDL record 2013) 2028-08-30 — —
INE557F07090 National Housing Bank 8.63% Jan 2029 NCD Tax-free 8.63% AAA (ICRA, NSDL record 2013) 2029-01-13 5.23% 2026-11-02
INE557F07124 National Housing Bank 8.88% Jan 2029 NCD Tax-free 8.88% AAA (CRISIL, NSDL record 2013) 2029-01-13 5.25% 2026-11-04
INE557F07181 National Housing Bank 8.93% Mar 2029 NCD Tax-free 8.93% AAA (CARE, NSDL record 2014) 2029-03-24 5.92% 2026-11-06
INE557F07157 National Housing Bank 8.68% Mar 2029 NCD Tax-free 8.68% AAA (ICRA, NSDL record 2014) 2029-03-24 — 2026-08-13
INE557F08FT4 National Housing Bank 7.57% Jan 2031 NCD 7.57% AAA (CARE, NSDL record 2023) 2031-01-09 — —
INE557F08FX6 National Housing Bank 7.51% Apr 2031 NCD 7.51% AAA (India Ratings, NSDL record 2024) 2031-04-04 — 2026-07-20
INE557F08GC8 National Housing Bank 7.29% Jul 2031 NCD 7.29% AAA (CARE, NSDL record 2025) 2031-07-04 8.00% 2026-11-04
INE557F08GB0 National Housing Bank 7.20% Oct 2031 NCD 7.20% AAA (CARE, NSDL record 2024) 2031-10-03 8.19% 2026-10-23
INE557F08GD6 National Housing Bank 7.35% Jan 2032 NCD 7.35% AAA (CARE, NSDL record 2025) 2032-01-02 — —
INE557F08GE4 National Housing Bank 6.80% Apr 2032 NCD 6.80% AAA (CARE) 2032-04-02 — 2026-09-24
INE557F07132 National Housing Bank 9.01% Jan 2034 NCD Tax-free 9.01% AAA (CRISIL, NSDL record 2013) 2034-01-13 5.09% 2026-11-06
INE557F07108 National Housing Bank 8.76% Jan 2034 NCD Tax-free 8.76% AAA (ICRA, NSDL record 2013) 2034-01-13 4.84% 2026-10-09
INE557F07199 National Housing Bank 8.90% Mar 2034 NCD Tax-free 8.90% AAA (CARE, NSDL record 2014) 2034-03-24 5.44% 2026-11-04
INE557F07165 National Housing Bank 8.65% Mar 2034 NCD Tax-free 8.65% AAA (CRISIL, NSDL record 2013) 2034-03-24 — —
INE557F08GA2 National Housing Bank 7.14% Nov 2034 NCD 7.14% AAA (CRISIL) 2034-11-17 — 2026-09-03
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.

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)
57
Avg. Yield (Last 30 Days)
5.85%
06 Payment Disclosures (SEBI Reg52(4)) 1 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
30 Aug 2026 8.46% NHB TAX FREE BONDS 2028.... Interest ₹74,70,00,000.00 ₹74,70,00,000.00 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
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 18 2026-06-28
Rating Actions History 2 2026-10-16
Secondary-Market Trades 227 2026-11-06
Reg52(4) Payment Disclosures 1 2026-08-30

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

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Frequently Asked Questions
How many active bonds does National Housing Bank have?

National Housing Bank currently has 18 active bonds with coupons of 6.80% - 9.01%, maturities spanning 2027 - 2034.

What is National Housing Bank's credit rating?

The most common current rating on National Housing Bank's senior bonds is AAA (CRISIL). Ratings on file come from CARE, CRISIL.

Are National Housing Bank's bonds secured?

Of the 17 bonds with a disclosed security status, 8 are secured (47%) and 9 are unsecured.

When do National Housing Bank's bonds mature?

National Housing Bank's active bonds mature between 2027 - 2034; the nearest matures in Jul 2027; the average tenure is 4.3 Yrs.

What is the average coupon on National Housing Bank's bonds?

The average coupon across National Housing Bank's 18 active bonds is 8.05%.

Disclaimer: This page aggregates publicly available data about National Housing Bank 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.