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Tamil Nadu — Bonds

State Govt · Sovereign

As of 9 Nov 2026, Tamil Nadu has 393 active bonds with ₹4,881 Cr outstanding (disclosed for 233 of 393 bonds); no current agency rating is on file.

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Data as of 9 Nov 2026 Methodology v1.0 Download Report (PDF) Watch
Agency Rating
—
Total Debt Outstanding
₹4,881 Cr
Across 393 instruments
Active Bonds
393
First Issue
26 Oct 2016
Latest Issue
14 Oct 2026
Maturity Range
2026 - 2057
Observation
393 active bonds tracked from this issuer.
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies Last Updated: 9 Nov 2026

Tamil Nadu bonds: risks and track record

Nothing flagged on record
  • Current ratings No current rating on file
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 18 of 393 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Tamil Nadu 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
Sovereign
Issuer Type
State Govt
First Tracked Bond
26 Oct 2016
Start of this issuer's debt program timeline
  • 393 active bonds tracked from this issuer.

Tamil Nadu, a State Government entity in the Sovereign sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 6.00% - 8.68%, paid semi-annually. Maturities on outstanding bonds fall between 2026 - 2057.

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
393
Tracked by RetailBonds
Amount Tracked
₹4,881 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 233 of 393 bonds)
Avg Coupon
7.31%
Range 6.00% - 8.68%
Avg Remaining Tenure
10.3 Yrs
Nearest maturity Nov 2026
Secured
—
No security status on file
Callable
0
Of 393 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (104 bonds).

0 2026: 4 bonds, avg coupon 7.14% 4 2026 2027: 22 bonds, ₹46 Cr tracked, avg coupon 7.44% 22 2027 2028: 24 bonds, ₹50 Cr tracked, avg coupon 7.90% 24 2028 2029: 30 bonds, ₹380 Cr tracked, avg coupon 7.08% 30 2029 2030: 29 bonds, ₹404 Cr tracked, avg coupon 7.12% 29 2030 2031: 32 bonds, ₹370 Cr tracked, avg coupon 6.96% 32 2031 2032: 34 bonds, ₹410 Cr tracked, avg coupon 7.34% 34 2032 2033: 31 bonds, ₹487 Cr tracked, avg coupon 7.42% 31 2033 2034: 31 bonds, ₹320 Cr tracked, avg coupon 7.31% 31 2034 2035: 24 bonds, ₹335 Cr tracked, avg coupon 7.08% 24 2035 2036: 13 bonds, ₹257 Cr tracked, avg coupon 7.43% 13 2036 2037: 5 bonds, ₹50 Cr tracked, avg coupon 7.45% 5 2037 2038: 3 bonds, ₹40 Cr tracked, avg coupon 7.71% 3 2038 2039: 1 bond, avg coupon 7.38% 1 2039 2040: 2 bonds, ₹63 Cr tracked, avg coupon 6.75% 2 2040 2041: 4 bonds, ₹115 Cr tracked, avg coupon 7.61% 4 2041 2042+: 104 bonds, ₹1,554 Cr tracked, avg coupon 7.36% 104 2042+

Security Type / Instrument Mix

  • SDL 393 bonds · 100% · ₹4,881 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹635 Cr issued 2020 2021: ₹425 Cr issued 2021 2022: ₹544 Cr issued 2022 2023: ₹760 Cr issued 2023 2024: ₹720 Cr issued 2024 2025: ₹848 Cr issued 2025 2026: ₹950 Cr issued 2026 Cumulative: ₹635 Cr Cumulative: ₹1,060 Cr Cumulative: ₹1,604 Cr Cumulative: ₹2,364 Cr Cumulative: ₹3,084 Cr Cumulative: ₹3,932 Cr Cumulative: ₹4,881 Cr

Based on 233 of 393 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03

Credit Profile

  • Unrated 393 bonds · 100%

Recent Rating Actions

No rating action history available.

04

Tamil Nadu Bond Interest Rates

Coupons on Tamil Nadu's 393 active bonds range from 6.00% to 8.68%. 18 traded in the last 30 days, at yields from 7.81% to 9.62% (median 8.45%; latest trade 6 Nov 2026).

Tamil Nadu coupon rates and market yields by maturity year
Maturity year Active bonds Coupon range Traded (last 30 days) Median yield
2026 4 6.84% to 7.39% 0 —
2027 22 6.27% to 8.61% 0 —
2028 24 6.00% to 8.68% 0 —
2029 30 6.27% to 8.37% 3 8.72%
2030 29 6.33% to 8.46% 0 —
2031 32 6.42% to 7.60% 1 8.74%
2032 34 6.40% to 7.94% 4 8.40%
2033 31 7.15% to 7.87% 1 8.30%
2034 31 7.08% to 7.72% 2 8.25%
2035 24 6.60% to 7.58% 0 —
2036 13 6.82% to 7.74% 2 8.54%
2037 5 6.94% to 7.69% 0 —
2038 3 7.07% to 8.50% 0 —
2039 1 7.38% 0 —
2040 2 6.73% to 6.77% 0 —
2041 4 7.43% to 7.80% 1 8.40%
2042 8 7.19% to 7.99% 0 —
2043 9 7.34% to 7.69% 0 —
2044 4 7.14% to 7.59% 0 —
2045 4 6.92% to 7.18% 0 —
2046 4 7.01% to 8.14% 1 8.17%
2047 3 7.13% to 7.63% 0 —
2050 6 6.49% to 7.35% 0 —
2051 4 6.85% to 8.21% 1 8.07%
2052 5 7.33% to 7.84% 0 —
2053 14 7.29% to 7.76% 0 —
2054 16 7.10% to 7.58% 0 —
2055 20 6.63% to 7.52% 0 —
2056 6 6.96% to 8.18% 2 8.31%
2057 1 7.33% 0 —

Coupon is the interest rate on face value, from the bond records. Yield is the market yield from the latest BSE/NSE trade, counted only when that trade is at most 30 days old and passes the checks in our methodology.

Calculate the yield on Tamil Nadu 8.14% 14 Oct 2046 SDL (most recently traded; the calculator is pre-filled with its coupon and maturity)

05

Outstanding Bonds

View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
IN3120160137 Tamil Nadu 7.39% 09 Nov 2026 SDL 7.39% — 2026-11-09 — —
IN3120190191 Tamil Nadu 7.26% 20 Nov 2026 SDL 7.26% — 2026-11-20 — —
IN3120160145 Tamil Nadu 6.84% 23 Nov 2026 SDL 6.84% — 2026-11-23 — —
IN3120160152 Tamil Nadu 7.07% 14 Dec 2026 SDL 7.07% — 2026-12-14 — —
IN3120160178 Tamil Nadu 7.16% 11 Jan 2027 SDL 7.16% — 2027-01-11 — —
IN3120160186 Tamil Nadu 7.20% 25 Jan 2027 SDL 7.20% — 2027-01-25 — —
IN3120160194 Tamil Nadu 7.61% 15 Feb 2027 SDL 7.61% — 2027-02-15 — —
IN3120161309 Tamil Nadu 7.74% 01 Mar 2027 SDL 7.74% — 2027-03-01 — —
IN3120161317 Tamil Nadu 7.85% 15 Mar 2027 SDL 7.85% — 2027-03-15 — —
IN3120161424 Tamil Nadu 7.62% 29 Mar 2027 SDL 7.62% — 2027-03-29 — —
IN3120190274 Tamil Nadu 7.25% 31 Mar 2027 SDL 7.25% — 2027-03-31 — —
IN3120170011 Tamil Nadu 7.63% 12 Apr 2027 SDL 7.63% — 2027-04-12 — —
IN3120170029 Tamil Nadu 7.55% 11 May 2027 SDL 7.55% — 2027-05-11 — —
IN3120170037 Tamil Nadu 7.52% 24 May 2027 SDL 7.52% — 2027-05-24 — —
IN3120170045 Tamil Nadu 7.23% 14 Jun 2027 SDL 7.23% — 2027-06-14 — —
IN3120170052 Tamil Nadu 7.24% 28 Jun 2027 SDL 7.24% — 2027-06-28 — —
IN3120170060 Tamil Nadu 7.27% 12 Jul 2027 SDL 7.27% — 2027-07-12 — —
IN3120170078 Tamil Nadu 7.70% 26 Jul 2027 SDL 7.70% — 2027-07-26 — —
IN3120170086 Tamil Nadu 7.21% 09 Aug 2027 SDL 7.21% — 2027-08-09 — —
IN3120250243 Tamil Nadu 6.27% 03 Sep 2027 SDL 6.27% — 2027-09-03 — 2026-09-30
IN3120180119 Tamil Nadu 8.61% 03 Sep 2027 SDL 8.61% — 2027-09-03 — —
IN3120200305 Tamil Nadu 6.72% 07 Oct 2027 SDL 6.72% — 2027-10-07 — —
IN3120190134 Tamil Nadu 7.20% 30 Oct 2027 SDL 7.20% — 2027-10-30 — —
IN3120190209 Tamil Nadu 7.15% 20 Nov 2027 SDL 7.15% — 2027-11-20 — —
IN3120170094 Tamil Nadu 8.20% 06 Dec 2027 SDL 8.20% — 2027-12-06 — —
IN3120170102 Tamil Nadu 7.69% 20 Dec 2027 SDL 7.69% — 2027-12-20 — —
IN3120170110 Tamil Nadu 8.05% 14 Feb 2028 SDL 8.05% — 2028-02-14 — —
IN3120170128 Tamil Nadu 8.28% 21 Feb 2028 SDL 8.28% — 2028-02-21 — —
IN3120170136 Tamil Nadu 8.34% 28 Feb 2028 SDL 8.34% — 2028-02-28 — —
IN3120170144 Tamil Nadu 8.43% 07 Mar 2028 SDL 8.43% — 2028-03-07 — —
IN3120170151 Tamil Nadu 8.28% 14 Mar 2028 SDL 8.28% — 2028-03-14 — —
IN3120180010 Tamil Nadu 8.57% 18 Apr 2028 SDL 8.57% — 2028-04-18 — —
IN3120180028 Tamil Nadu 8.24% 25 Apr 2028 SDL 8.24% — 2028-04-25 — —
IN3120180036 Tamil Nadu 8.56% 09 May 2028 SDL 8.56% — 2028-05-09 — —
IN3120180044 Tamil Nadu 8.37% 16 May 2028 SDL 8.37% — 2028-05-16 — —
IN3120180051 Tamil Nadu 8.32% 23 May 2028 SDL 8.32% — 2028-05-23 — —
IN3120250102 Tamil Nadu 6.00% 11 Jun 2028 SDL 6.00% — 2028-06-11 — —
IN3120250185 Tamil Nadu 6.14% 30 Jul 2028 SDL 6.14% — 2028-07-30 — —
IN3120240681 Tamil Nadu 6.89% 19 Sep 2028 SDL 6.89% — 2028-09-19 — —
IN3120240749 Tamil Nadu 6.87% 26 Sep 2028 SDL 6.87% — 2028-09-26 — —
IN3120180143 Tamil Nadu 8.68% 10 Oct 2028 SDL 8.68% — 2028-10-10 — —
IN3120190142 Tamil Nadu 7.19% 30 Oct 2028 SDL 7.19% — 2028-10-30 — —
IN3120180150 Tamil Nadu 8.56% 31 Oct 2028 SDL 8.56% — 2028-10-31 — —
IN3120180168 Tamil Nadu 8.53% 28 Nov 2028 SDL 8.53% — 2028-11-28 — —
IN3120240400 Tamil Nadu 6.96% 04 Dec 2028 SDL 6.96% — 2028-12-04 — —
IN3120180176 Tamil Nadu 8.37% 05 Dec 2028 SDL 8.37% — 2028-12-05 — —
IN3120180184 Tamil Nadu 8.36% 12 Dec 2028 SDL 8.36% — 2028-12-12 — —
IN3120240434 Tamil Nadu 6.97% 18 Dec 2028 SDL 6.97% — 2028-12-18 — —
IN3120180192 Tamil Nadu 8.29% 19 Dec 2028 SDL 8.29% — 2028-12-19 — —
IN3120180200 Tamil Nadu 8.30% 26 Dec 2028 SDL 8.30% — 2028-12-26 — —
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.

More bonds from this issuer (69)
06

Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
35
Avg. Yield (Last 30 Days)
8.37%
07

Regulatory Filings

No regulatory filings captured yet for this issuer.

08

Methodology & Data Coverage

DatasetCountFreshness
Credit Ratings (current) 0 —
Rating Actions History 0 —
Secondary-Market Trades 320 2026-11-06
Reg52(4) Payment Disclosures 0 —

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

Disclaimer: This page aggregates publicly available data about Tamil Nadu 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.