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SK Finance Limited — Bonds & AA- (India Ratings) Rating

Corporate · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA- (India Ratings)
Most common current rating on senior bonds
12 of 12 rated · India Ratings, 31 Aug 2026
Total Debt Outstanding
₹3,855 Cr
Across 16 instruments
Active Bonds
16
First Issue
30 May 2023
Latest Issue
12 Aug 2026
Maturity Range
2026 - 2030
Observation
16 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 India Ratings AA-, ICRA AA-
  • Rating range All current ratings are AA- (ICRA 31 Oct 2025, India Ratings 31 Aug 2026)
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 31 Aug 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 4 of 16 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 SK Finance Limited 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
Financial Services
Issuer Type
Corporate
First Tracked Bond
30 May 2023
Start of this issuer's debt program timeline
  • 16 active bonds tracked from this issuer.
  • 16 of 16 tracked bonds with a stated security status are secured. (based on 16 bonds with a disclosed security status)

Operating in the Financial Services sector, SK Finance Limited is classified as a corporate issuer. Bond coupons here span 9.10% - 9.67%, paid annually. The maturity ladder spans 2026 - 2030.

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
16
Tracked by RetailBonds
Amount Tracked
₹3,855 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 14 of 16 bonds)
Avg Coupon
9.24%
Range 9.10% - 9.67%
Avg Remaining Tenure
1.4 Yrs
Nearest maturity Nov 2026
Secured
100%
16 of 16 bonds with known status
Callable
1
Of 16 bonds
Avg Spread vs G-Sec
+267 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 (7 bonds).

0 2026: 1 bond, ₹50 Cr tracked, avg coupon 9.25% 1 bond 2026 2027: 7 bonds, ₹1,375 Cr tracked, avg coupon 9.25% 7 bonds 2027 2028: 4 bonds, ₹985 Cr tracked, avg coupon 9.28% 4 bonds 2028 2029: 3 bonds, ₹1,000 Cr tracked, avg coupon 9.15% 3 bonds 2029 2030: 1 bond, ₹445 Cr tracked, avg coupon 9.21% 1 bond 2030

Security Type / Instrument Mix

  • NCD 16 bonds · 100% · ₹3,855 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2023: ₹460 Cr issued 2023 2024: ₹725 Cr issued 2024 2025: ₹1,470 Cr issued 2025 2026: ₹1,200 Cr issued 2026 Cumulative: ₹460 Cr Cumulative: ₹1,185 Cr Cumulative: ₹2,655 Cr Cumulative: ₹3,855 Cr

Based on 14 of 16 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 13 bonds · 81%
  • Unrated 3 bonds · 19%
AgencyRatingOutlookBonds
ICRA AA- — 4
India Ratings AA- Positive 4
India Ratings AA- — 2
ICRA AA- Stable 1
India Ratings AA- Stable 1
ICRA AA- NSDL record — 1

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE124N07671 SK Finance 9.25% Nov 2026 NCD 9.25% AA- (India Ratings) 2026-11-08 — 2026-10-05
INE124N07697 SK Finance 9.25% May 2027 NCD 9.25% AA- (ICRA) 2027-05-09 — 2026-09-30
IN8124N07019 SK Finance 9.25% May 2027 NCD 9.25% — 2027-05-09 — —
INE124N07754 SK Finance 9.25% Jul 2027 NCD 9.25% AA- (ICRA) 2027-07-15 — 2026-09-28
IN8124N07027 SK Finance 9.25% Jul 2027 NCD 9.25% — 2027-07-15 — —
INE124N07713 SK Finance 9.25% Sep 2027 NCD 9.25% AA- (ICRA, NSDL record 2024) 2027-09-19 — —
INE124N07739 SK Finance 9.25% Oct 2027 NCD 9.25% AA- (India Ratings) 2027-10-10 — —
INE124N07762 SK Finance 9.25% Oct 2027 NCD 9.25% AA- (ICRA) 2027-10-24 9.63% 2026-11-04
INE124N07747 SK Finance 9.25% Jan 2028 NCD 9.25% AA- (ICRA) 2028-01-02 9.66% 2026-10-22
INE124N07663 SK Finance 9.67% May 2028 NCD 9.67% — 2028-05-30 — —
INE124N07804 SK Finance 9.10% Jul 2028 NCD 9.10% AA- (India Ratings) 2028-07-09 — —
INE124N07770 SK Finance 9.10% Oct 2028 NCD 9.10% AA- (ICRA) 2028-10-09 9.92% 2026-10-14
INE124N07796 SK Finance 9.10% Feb 2029 NCD 9.10% AA- (India Ratings) 2029-02-16 — —
INE124N07812 SK Finance 9.25% Jul 2029 NCD 9.25% AA- (India Ratings) 2029-07-16 — —
INE124N07820 SK Finance 9.10% Aug 2029 NCD 9.10% AA- (India Ratings) 2029-08-10 9.28% 2026-11-05
INE124N07788 SK Finance 9.21% Nov 2030 NCD 9.21% AA- (India Ratings) 2030-11-25 — —
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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)
18
Avg. Yield (Last 30 Days)
9.56%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 13 2026-08-31
Rating Actions History 0 —
Secondary-Market Trades 38 2026-11-05
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 SK Finance Limited have?

SK Finance Limited currently has 16 active bonds with coupons of 9.10% - 9.67%, maturities spanning 2026 - 2030.

What is SK Finance Limited's credit rating?

The most common current rating on SK Finance Limited's senior bonds is AA- (India Ratings). Ratings on file come from ICRA, India Ratings.

Are SK Finance Limited's bonds secured?

Of the 16 bonds with a disclosed security status, 16 are secured (100%) and 0 are unsecured.

When do SK Finance Limited's bonds mature?

SK Finance Limited's active bonds mature between 2026 - 2030; the nearest matures in Nov 2026; the average tenure is 1.4 Yrs.

What is the average coupon on SK Finance Limited's bonds?

The average coupon across SK Finance Limited's 16 active bonds is 9.24%.

Disclaimer: This page aggregates publicly available data about SK Finance Limited 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.