West Bengal

State Govt · Sovereign

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Methodology v1.0 Download Report (PDF)
Latest Rating
Total Debt Outstanding
₹2,947 Cr
Across 143 instruments
Listed Bonds
143
First Issue
2020-07-27
Latest Issue
2026-07-24
Maturity Range
2028 - 2056
Observation
143 active bonds tracked from this issuer.
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Sovereign
Issuer Type
State Govt
First Tracked Bond
2020-07-27
Start of this issuer's debt program timeline
  • 143 active bonds tracked from this issuer.

West Bengal, a State Government entity in the sovereign sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 6.46% - 8.07%, paid semi annual. Maturities on outstanding bonds fall between 2028 - 2056.

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
143
Tracked by RetailBonds
Amount Tracked
₹2,947 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.48%
Range 6.46% - 8.07%
Avg Remaining Tenure
14.1 Yrs
Nearest maturity 2028-12
Secured
0%
0 of 0 bonds with known status
Callable
0
Of 143 bonds
Avg Spread vs G-Sec
+114 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (71 bonds).

0 2028: 3 bonds, ₹70 Cr tracked, avg coupon 6.76% 3 bonds 2028 2029: 1 bond, ₹20 Cr tracked, avg coupon 7.19% 1 bond 2029 2030: 6 bonds, ₹115 Cr tracked, avg coupon 6.70% 6 bonds 2030 2031: 8 bonds, ₹145 Cr tracked, avg coupon 6.92% 8 bonds 2031 2032: 9 bonds, ₹209 Cr tracked, avg coupon 7.51% 9 bonds 2032 2035: 5 bonds, ₹96 Cr tracked, avg coupon 7.26% 5 bonds 2035 2036: 5 bonds, ₹117 Cr tracked, avg coupon 7.13% 5 bonds 2036 2037: 8 bonds, ₹140 Cr tracked, avg coupon 7.78% 8 bonds 2037 2038: 5 bonds, ₹130 Cr tracked, avg coupon 7.61% 5 bonds 2038 2039: 14 bonds, ₹290 Cr tracked, avg coupon 7.59% 14 bonds 2039 2040: 8 bonds, ₹190 Cr tracked, avg coupon 7.38% 8 bonds 2040 2042+: 71 bonds, ₹1,425 Cr tracked, avg coupon 7.62% 71 bonds 2042+

Security Type / Instrument Mix

  • SDL 143 bonds · 100% · ₹2,947 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹210 Cr issued 2020 2021: ₹372 Cr issued 2021 2022: ₹539 Cr issued 2022 2023: ₹570 Cr issued 2023 2024: ₹440 Cr issued 2024 2025: ₹275 Cr issued 2025 2026: ₹541 Cr issued 2026 Cumulative: ₹210 Cr Cumulative: ₹582 Cr Cumulative: ₹1,120 Cr Cumulative: ₹1,690 Cr Cumulative: ₹2,130 Cr Cumulative: ₹2,406 Cr Cumulative: ₹2,947 Cr

Based on 143 of 143 active bonds with a known issue date and issue size.

03 Credit Profile
  • Unrated 143 bonds · 100%

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
IN3420210053 683WB28 6.83% 2028-12-31
IN3420210046 679WB28 6.79% 2028-12-31
IN3420210020 665WB28 6.65% 2028-12-31
IN3420190131 719WB29 7.19% 2029-12-31
IN3420210079 699WB30 6.99% 2030-12-31
IN3420200096 668WB30 6.68% 2030-12-31
IN3420200054 655WB30 6.55% 2030-12-31
IN3420200070 646WB30 6.46% 2030-12-31
IN3420200013 685WB30 6.85% 2030-12-31
IN3420200047 665WB30 6.65% 2030-12-31
IN3420210194 691WB31 6.91% 2031-12-31
IN3420210103 699WB31 6.99% 2031-12-31
IN3420200294 683WB31 6.83% 2031-12-31
IN3420200229 663WB31 6.63% 2031-12-31
IN3420210129 685WB31 6.85% 2031-12-31
IN3420210061 702WB31 7.02% 2031-12-31
IN3420260017 707WB31 7.07% 2031-12-31
IN3420200252 705WB31 7.05% 2031-12-31
IN3420220045 782WB32 7.82% 2032-12-31 7.62% 2026-07-08
IN3420220177 764WB32 7.64% 2032-12-31 7.16% 2026-07-08
IN3420220128 768WB32 7.68% 2032-12-31
IN3420220029 783WB32 7.83% 2032-12-31
IN3420210293 736WB32 7.36% 2032-12-31
IN3420220011 773WB32 7.73% 2032-12-31
IN3420210236 714WB32 7.14% 2032-12-31
IN3420210244 723WB32 7.23% 2032-12-31
IN3420210269 717WB32 7.17% 2032-12-31
IN3420200138 699WB35 6.99% 2035-12-31
IN3420200112 704WB35 7.04% 2035-12-31
IN3420200179 668WB35 6.68% 2035-12-31
IN3420190248 799WB35 7.99% 2035-12-31
IN3420260041 758WB35 7.58% 2035-12-31
IN3420210137 698WB36 6.98% 2036-12-31
IN3420210038 706WB36 7.06% 2036-12-31 7.31% 2026-07-08
IN3420250133 742WB36 7.42% 2036-12-31
IN3420200286 719WB36 7.19% 2036-12-31
IN3420200302 699WB36 6.99% 2036-12-31
IN3420220185 767WB37 7.67% 2037-12-31 8.07% 2026-07-08
IN3420230150 772WB37 7.72% 2037-12-31 7.72% 2026-08-26
IN3420220052 802WB37 8.02% 2037-12-31 7.50% 2026-07-08
IN3420220151 793WB37 7.93% 2037-12-31 8.20% 2026-07-08
IN3420220037 796WB37 7.96% 2037-12-31
IN3420210251 748WB37 7.48% 2037-12-31
IN3420220094 789WB37 7.89% 2037-12-31
IN3420250281 759WB37 7.59% 2037-12-31
IN3420220078 807WB38 8.07% 2038-12-31 8.74% 2026-08-04
IN3420230168 763WB38 7.63% 2038-12-31
IN3420220136 772WB38 7.72% 2038-12-31
IN3420240241 729WB38 7.29% 2038-12-31
IN3420240225 732WB38 7.32% 2038-12-31
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)
8
Avg. Yield (Last 30 Days)
8.17%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 0
Rating Actions History 0
Secondary-Market Trades 65 2026-08-26
Reg52(4) Payment Disclosures 0

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

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Disclaimer: This page aggregates publicly available data about West Bengal 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.