Vadodara Municipal Corporation

Corporate

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Methodology v1.0 Download Report (PDF)
Latest Rating
AA+ (INDIA_RATINGS)
Total Debt Outstanding
₹200 Cr
Across 2 instruments
Listed Bonds
2
First Issue
2022-03-28
Latest Issue
2024-03-04
Maturity Range
2027 - 2029
Observation
2 active bonds tracked from this issuer.
View details →
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Issuer Type
Corporate
First Tracked Bond
2022-03-28
Start of this issuer's debt program timeline
  • 2 active bonds tracked from this issuer.
  • 0 of 2 tracked bonds with a stated security status are secured. (based on 2 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 2026-07-17.

Vadodara Municipal Corporation is a corporate issuer. Coupon rates on outstanding bonds range from 7.15% - 7.90%, paid semi annual. Bonds mature between 2027 - 2029.

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
2
Tracked by RetailBonds
Amount Tracked
₹200 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.53%
Range 7.15% - 7.90%
Avg Remaining Tenure
1.5 Yrs
Nearest maturity 2027-03
Secured
0%
0 of 2 bonds with known status
Callable
0
Of 2 bonds
Avg Spread vs G-Sec
+153 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (1 bonds).

0 2027: 1 bond, ₹100 Cr tracked, avg coupon 7.15% 1 bond 2027 2029: 1 bond, ₹100 Cr tracked, avg coupon 7.90% 1 bond 2029

Security Type / Instrument Mix

  • NCD 2 bonds · 100% · ₹200 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2022: ₹100 Cr issued 2022 2024: ₹100 Cr issued 2024 Cumulative: ₹100 Cr Cumulative: ₹200 Cr

Based on 2 of 2 active bonds with a known issue date and issue size.

03 Credit Profile
  • AA 2 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AA Stable 1
INDIA_RATINGS AA+ 1

Recent Rating Actions

2026-07-17 · CRISIL
AA
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE0KDG24012 VMC-7.15%-28-3-27-PVT 7.15% AA (CRISIL) 2027-03-28
INE0KDG08023 7.90% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE GREEN MUNICIPAL BOND IN NATUE OF DEBENTURE DATE OF MATURITY 04/03/2029 7.90% AA+ (INDIA_RATINGS) 2029-03-04
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YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 2 2024-02-13
Rating Actions History 1 2026-07-17
Secondary-Market Trades 0
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 Vadodara Municipal Corporation have?

Vadodara Municipal Corporation currently has 2 active bonds with coupons 7.15% - 7.90%, maturities spanning 2027 - 2029.

What is Vadodara Municipal Corporation's credit rating?

The most recent rating on Vadodara Municipal Corporation's bonds is AA+ (INDIA_RATINGS), published by CRISIL, INDIA_RATINGS.

Are Vadodara Municipal Corporation's bonds secured?

Of the 2 bonds with a disclosed security status, 0 are secured (0%) and 2 are unsecured.

When do Vadodara Municipal Corporation's bonds mature?

Vadodara Municipal Corporation's active bonds mature between 2027 - 2029; the nearest matures in 2027-03; the average tenure is 1.5 Yrs.

What is the average coupon on Vadodara Municipal Corporation's bonds?

The average coupon across Vadodara Municipal Corporation's 2 active bonds is 7.53%.

Disclaimer: This page aggregates publicly available data about Vadodara Municipal Corporation 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.