National Housing Bank

Bank · Real Estate

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Methodology v1.0 Download Report (PDF)

Latest Rating

AAA (CRISIL)

Total Debt Outstanding

₹36,842 Cr

Across 18 instruments

Listed Bonds

First Issue

2013-08-30

Latest Issue

2025-04-25

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

01 Issuer Overview

Sector

Real Estate

Issuer Type

Bank

First Tracked Bond

2013-08-30

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: withdrawal by CRISIL on 2026-07-08.

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 annual. 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

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

4.5 Yrs

Nearest maturity 2027-07

Secured

47%

8 of 17 bonds with known status

Callable

Of 18 bonds

Avg Spread vs G-Sec

+10 bps

Credit premium (indicative)

Maturity Profile

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

Security Type / Instrument Mix

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

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)

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

03 Credit Profile

AAA 18 bonds · 100%

Agency	Rating	Outlook	Bonds
CARE	AAA	—	10
CRISIL	AAA	—	6
ICRA	AAA	—	3
INDIA_RATINGS	AAA	—	2

Recent Rating Actions

2026-07-08 · CRISIL

AAA

⊘ Withdrawn · Stable

04 Outstanding Bonds View all bonds →

ISIN	Bond Name	Coupon	Rating	Maturity	YTM	Last Trade
INE557F08FY4	7.59% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. DATE OF MATURITY 14/07/2027.	7.59%	AAA (CRISIL)	2027-07-14	7.20%	2026-08-18
INE557F08FZ1	7.59% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BOND IN THE NATURE OF DEBENTURE DATE OF MATURITY 08/09/2027.	7.59%	AAA (CRISIL)	2027-09-08	7.34%	2026-08-20
INE557F07074	8.46% NHB TAX FREE BONDS 2028. SERIES V. LETTER OF ALLOTMENT. DATE OF MATURITY 30/08/2028	8.46%	AAA (CARE)	2028-08-30	—	—
INE557F07090	8.63% TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -I SERIES 2A. LETTER OF ALLOTMENT. DATE OF MATURITY 13/01/2029	8.63%	AAA (ICRA)	2029-01-13	5.16%	2026-08-04
INE557F07124	8.88% TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -I SERIES 2B. LETTER OF ALLOTMENT. DATE OF MATURITY 13/01/2029	8.88%	AAA (CRISIL)	2029-01-13	3.25%	2026-08-26
INE557F07181	8.93% (FOR CATEGORY IV i.e. RII- IF ON RECORD DATE BONDS HELD BY RII ELSE 8.68% p.a.) TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -II SERIES 2B. LETTER OF ALLOTMENT. DATE OF MATURITY 24/03/2029	8.93%	AAA (CARE)	2029-03-24	4.10%	2026-08-25
INE557F07157	8.68% (FOR CATEGORY I, II AND III i.e. NON-RIIs) TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -II SERIES 2A. LETTER OF ALLOTMENT. DATE OF MATURITY 24/03/2029	8.68%	AAA (ICRA)	2029-03-24	—	2026-08-13
INE557F08FT4	7.57% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN NATURE OF DEBENTURE. DATE OF MATURITY 09/01/2031.	7.57%	AAA (CARE)	2031-01-09	—	—
INE557F08FX6	7.51% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN NATURE DEBENTURE DATE OF MATURITY 04/04/2031	7.51%	AAA (INDIA_RATINGS)	2031-04-04	7.25%	2026-07-20
INE557F08GC8	7.29% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN NATURE OF DEBENTURES DATE OF MATURITY 04/07/2031	7.29%	AAA (CARE)	2031-07-04	7.17%	2026-07-27
INE557F08GB0	7.20% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN THE NATURE OF DEBENTURE DATE OF MATURITY 03/10/2031	7.20%	AAA (CARE)	2031-10-03	—	—
INE557F08GD6	7.35% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN NATURE OF DEBENTURE DATE OF MATURITY 02/01/2032	7.35%	AAA (CARE)	2032-01-02	—	—
INE557F08GE4	6.80% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN NATURE DEBENTURE DATE OF MATURITY 02/04/2032	6.80%	AAA (CARE)	2032-04-02	—	—
INE557F07132	9.01% TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -I SERIES 3B. LETTER OF ALLOTMENT. DATE OF MATURITY 13/01/2034	9.01%	AAA (CRISIL)	2034-01-13	4.68%	2026-08-26
INE557F07108	8.76% TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -I SERIES 3A. LETTER OF ALLOTMENT. DATE OF MATURITY 13/01/2034	8.76%	AAA (ICRA)	2034-01-13	4.31%	2026-08-13
INE557F07199	8.90% (FOR CATEGORY IV i.e. RII- IF ON RECORD DATE BONDS HELD BY RII ELSE 8.65% p.a.) TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -II SERIES 3B. LETTER OF ALLOTMENT. DATE OF MATURITY 24/03/2034	8.90%	AAA (CARE)	2034-03-24	4.79%	2026-07-31
INE557F07165	8.65% (FOR CATEGORY I, II AND III i.e. NON-RIIs) TAX FREE BONDS IN THE NATURE OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES . TRANCHE -II SERIES 3A. LETTER OF ALLOTMENT. DATE OF MATURITY 24/03/2034	8.65%	AAA (CRISIL)	2034-03-24	—	—
INE557F08GA2	7.14% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BOND IN THE NATURE OF DEBENTURE DATE OF MATURITY 17/11/2034.	7.14%	AAA (CRISIL)	2034-11-17	—	—

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)

Avg. Yield (Last 30 Days)

4.78%

06 Regulatory Filings

Credit Rating Rationale

CRISIL Rating Rationale 2026-07-08

07 Methodology & Data Coverage

Dataset	Count	Freshness
Credit Ratings (current)	21	2026-06-28
Rating Actions History	1	2026-07-08
Secondary-Market Trades	105	2026-08-26
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 National Housing Bank have?

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

What is National Housing Bank's credit rating?

The most recent rating on National Housing Bank's bonds is AAA (CRISIL), published by CARE, CRISIL, ICRA, INDIA_RATINGS.

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 2027-07; the average tenure is 4.5 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.