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West Bengal — Bonds

State Govt · Sovereign

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
—
Total Debt Outstanding
₹3,233 Cr
Across 283 instruments
Active Bonds
283
First Issue
26 Oct 2016
Latest Issue
14 Oct 2026
Maturity Range
2026 - 2056
Observation
283 active bonds tracked from this issuer.
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 5 of 283 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.

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01 Issuer Overview
Sector
Sovereign
Issuer Type
State Govt
First Tracked Bond
26 Oct 2016
Start of this issuer's debt program timeline
  • 283 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% - 8.79%, paid semi-annually. Maturities on outstanding bonds fall between 2026 - 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
283
Tracked by RetailBonds
Amount Tracked
₹3,233 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 147 of 283 bonds)
Avg Coupon
7.46%
Range 6.46% - 8.79%
Avg Remaining Tenure
11.3 Yrs
Nearest maturity Nov 2026
Secured
—
No security status on file
Callable
0
Of 283 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (98 bonds).

0 2026: 4 bonds, avg coupon 7.17% 4 2026 2027: 14 bonds, avg coupon 7.50% 14 2027 2028: 13 bonds, ₹70 Cr tracked, avg coupon 7.79% 13 2028 2029: 13 bonds, ₹45 Cr tracked, avg coupon 7.63% 13 2029 2030: 14 bonds, ₹115 Cr tracked, avg coupon 6.86% 14 2030 2031: 11 bonds, ₹175 Cr tracked, avg coupon 6.93% 11 2031 2032: 13 bonds, ₹209 Cr tracked, avg coupon 7.56% 13 2032 2033: 5 bonds, avg coupon 8.58% 5 2033 2034: 11 bonds, avg coupon 7.66% 11 2034 2035: 12 bonds, ₹126 Cr tracked, avg coupon 7.04% 12 2035 2036: 12 bonds, ₹117 Cr tracked, avg coupon 7.03% 12 2036 2037: 13 bonds, ₹140 Cr tracked, avg coupon 7.62% 13 2037 2038: 8 bonds, ₹130 Cr tracked, avg coupon 7.80% 8 2038 2039: 18 bonds, ₹290 Cr tracked, avg coupon 7.58% 18 2039 2040: 12 bonds, ₹190 Cr tracked, avg coupon 7.25% 12 2040 2041: 12 bonds, ₹175 Cr tracked, avg coupon 7.42% 12 2041 2042+: 98 bonds, ₹1,451 Cr tracked, avg coupon 7.52% 98 2042+

Security Type / Instrument Mix

  • SDL 283 bonds · 100% · ₹3,233 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹235 Cr issued 2020 2021: ₹372 Cr issued 2021 2022: ₹539 Cr issued 2022 2023: ₹570 Cr issued 2023 2024: ₹440 Cr issued 2024 2025: ₹295 Cr issued 2025 2026: ₹782 Cr issued 2026 Cumulative: ₹235 Cr Cumulative: ₹607 Cr Cumulative: ₹1,146 Cr Cumulative: ₹1,716 Cr Cumulative: ₹2,156 Cr Cumulative: ₹2,450 Cr Cumulative: ₹3,233 Cr

Based on 147 of 283 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • Unrated 283 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 Details
IN3420160092 West Bengal 7.42% 09 Nov 2026 SDL 7.42% — 2026-11-09 — —
IN3420160100 West Bengal 6.88% 23 Nov 2026 SDL 6.88% — 2026-11-23 — —
IN3420160118 West Bengal 7.10% 14 Dec 2026 SDL 7.10% — 2026-12-14 — —
IN3420160126 West Bengal 7.29% 28 Dec 2026 SDL 7.29% — 2026-12-28 — —
IN3420160134 West Bengal 7.16% 11 Jan 2027 SDL 7.16% — 2027-01-11 — —
IN3420160142 West Bengal 7.21% 25 Jan 2027 SDL 7.21% — 2027-01-25 — —
IN3420160159 West Bengal 7.63% 15 Feb 2027 SDL 7.63% — 2027-02-15 — —
IN3420160167 West Bengal 7.78% 01 Mar 2027 SDL 7.78% — 2027-03-01 — —
IN3420160175 West Bengal 7.92% 15 Mar 2027 SDL 7.92% — 2027-03-15 — —
IN3420160183 West Bengal 7.64% 29 Mar 2027 SDL 7.64% — 2027-03-29 — —
IN3420170018 West Bengal 7.28% 28 Jun 2027 SDL 7.28% — 2027-06-28 — —
IN3420170026 West Bengal 7.28% 12 Jul 2027 SDL 7.28% — 2027-07-12 — —
IN3420170034 West Bengal 7.20% 26 Jul 2027 SDL 7.20% — 2027-07-26 — —
IN3420170042 West Bengal 7.25% 09 Aug 2027 SDL 7.25% — 2027-08-09 — —
IN3420170091 West Bengal 7.66% 01 Nov 2027 SDL 7.66% — 2027-11-01 — —
IN3420170117 West Bengal 7.53% 22 Nov 2027 SDL 7.53% — 2027-11-22 — —
IN3420170133 West Bengal 7.68% 06 Dec 2027 SDL 7.68% — 2027-12-06 — —
IN3420170158 West Bengal 7.72% 20 Dec 2027 SDL 7.72% — 2027-12-20 — —
IN3420170166 West Bengal 7.77% 10 Jan 2028 SDL 7.77% — 2028-01-10 — —
IN3420170174 West Bengal 8.09% 31 Jan 2028 SDL 8.09% — 2028-01-31 — —
IN3420170182 West Bengal 8.29% 21 Feb 2028 SDL 8.29% — 2028-02-21 — —
IN3420170190 West Bengal 8.42% 07 Mar 2028 SDL 8.42% — 2028-03-07 — —
IN3420170208 West Bengal 8.27% 14 Mar 2028 SDL 8.27% — 2028-03-14 — —
IN3420170216 West Bengal 8.09% 27 Mar 2028 SDL 8.09% — 2028-03-27 — —
IN3420210020 West Bengal 6.65% 02 Jun 2028 SDL 6.65% — 2028-06-02 — —
IN3420180017 West Bengal 8.44% 27 Jun 2028 SDL 8.44% — 2028-06-27 — —
IN3420210046 West Bengal 6.79% 30 Jun 2028 SDL 6.79% — 2028-06-30 — —
IN3420210053 West Bengal 6.83% 07 Jul 2028 SDL 6.83% — 2028-07-07 — —
IN3420180025 West Bengal 8.40% 18 Jul 2028 SDL 8.40% — 2028-07-18 — —
IN3420180033 West Bengal 8.45% 25 Jul 2028 SDL 8.45% — 2028-07-25 — —
IN3420210095 West Bengal 6.79% 11 Aug 2028 SDL 6.79% — 2028-08-11 — —
IN3420180124 West Bengal 8.21% 23 Jan 2029 SDL 8.21% — 2029-01-23 — —
IN3420180157 West Bengal 8.35% 20 Feb 2029 SDL 8.35% — 2029-02-20 — —
IN3420180165 West Bengal 8.44% 27 Feb 2029 SDL 8.44% — 2029-02-27 — —
IN3420180181 West Bengal 8.39% 13 Mar 2029 SDL 8.39% — 2029-03-13 — —
IN3420180207 West Bengal 8.10% 27 Mar 2029 SDL 8.10% — 2029-03-27 — —
IN3420190016 West Bengal 7.32% 26 Jun 2029 SDL 7.32% — 2029-06-26 — —
IN3420190032 West Bengal 7.06% 24 Jul 2029 SDL 7.06% — 2029-07-24 — —
IN3420190057 West Bengal 7.18% 14 Aug 2029 SDL 7.18% — 2029-08-14 — —
IN3420190073 West Bengal 7.14% 04 Sep 2029 SDL 7.14% — 2029-09-04 — —
IN3420190099 West Bengal 7.28% 25 Sep 2029 SDL 7.28% — 2029-09-25 — —
IN3420190115 West Bengal 7.30% 13 Nov 2029 SDL 7.30% — 2029-11-13 — —
IN3420190131 West Bengal 7.19% 27 Nov 2029 SDL 7.19% — 2029-11-27 — —
IN3420190156 West Bengal 7.29% 18 Dec 2029 SDL 7.29% — 2029-12-18 — —
IN3420190172 West Bengal 7.23% 15 Jan 2030 SDL 7.23% — 2030-01-15 — —
IN3420190198 West Bengal 7.10% 12 Feb 2030 SDL 7.10% — 2030-02-12 — —
IN3420190214 West Bengal 7.05% 04 Mar 2030 SDL 7.05% — 2030-03-04 — —
IN3420190230 West Bengal 7.20% 18 Mar 2030 SDL 7.20% — 2030-03-18 — —
IN3420190255 West Bengal 7.35% 31 Mar 2030 SDL 7.35% — 2030-03-31 — —
IN3420200013 West Bengal 6.85% 29 Apr 2030 SDL 6.85% — 2030-04-29 — —
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 (25)
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)
9
Avg. Yield (Last 30 Days)
8.46%
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 82 2026-11-06
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.