AA sits one notch below the top grade and is where most of the liquid Indian NCD market lives. The agencies are still calling default risk very low, but the issuer typically has more leverage, a narrower funding base or a more cyclical business than a AAA name, and the yield reflects that. For a lot of buyers this band is the sweet spot — a visible pickup over AAA without stepping into genuinely speculative credit.
Bonds in this segment
431
Yield range
0.00% – 15.00%
Median yield
8.80%
| Issuer | ISIN | Coupon | Rating | Yield | Maturity |
|---|---|---|---|---|---|
| MUTHOOT FINANCE LIMITED | INE414G07IK1 | 7.75% | AA+ | 15.00% | 04 Oct 2026 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07392 | 9.50% | AA- | 14.23% | 22 Apr 2027 |
| INCRED FINANCIAL SERVICES LIMITED | INE321N07483 | 9.50% | AA- | 14.10% | 11 Dec 2026 |
| NUVAMA WEALTH FINANCE LIMITED | INE918K07RD9 | — | AA PP-MLD | 13.85% | 07 Apr 2030 |
| IIFL FINANCE LIMITED | INE530B07161 | 8.42% | AA | 13.44% | 14 Oct 2026 |
| NUVAMA WEALTH FINANCE LIMITED | INE918K07QT7 | — | AA PP-MLD | 12.75% | 18 Dec 2029 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07277 | 10.00% | AA- | 12.54% | 21 Dec 2026 |
| IIFL SAMASTA FINANCE LIMITED | INE413U08093 | 11.00% | AA- | 12.00% | 18 May 2030 |
| IIFL FINANCE LIMITED | INE530B07617 | 8.70% | AA | 11.80% | 06 Mar 2028 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07434 | 9.65% | AA- | 11.48% | 12 Sept 2028 |
| MUTHOOT HOUSING FINANCE COMPANY LIMITED | INE882Z08080 | 10.25% | AA- | 11.07% | 10 Sept 2029 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07251 | 10.50% | AA- | 11.00% | 21 Dec 2028 |
| CREDITACCESS GRAMEEN LIMITED | INE741K07496 | 10.00% | AA- | 11.00% | 23 Nov 2027 |
| MUTHOOT FINCORP LIMITED | INE549K08517 | 10.45% | AA- | 10.92% | 11 Mar 2033 |
| IIFL HOME FINANCE LIMITED | INE477L07AN9 | 8.20% | AA | 10.91% | 03 Jan 2027 |
| MUTHOOT FINCORP LIMITED | INE549K08640 | 10.40% | AA | 10.90% | 31 Aug 2034 |
| MUTHOOT FINCORP LIMITED | INE549K08541 | 10.40% | AA- | 10.90% | 22 Aug 2033 |
| MUTHOOT FINCORP LIMITED | INE549K08509 | 10.45% | AA- | 10.89% | 24 Dec 2032 |
| ASIRVAD MICRO FINANCE LIMITED | INE516Q08497 | 10.75% | AA- | 10.75% | 26 May 2033 |
| MUTHOOT FINCORP LIMITED | INE549K08590 | 10.40% | AA- | 10.50% | 30 Dec 2033 |
| MUTHOOT FINCORP LIMITED | INE549K08566 | 10.25% | AA- | 10.49% | 23 Jan 2031 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07475 | 9.20% | AA | 10.45% | 30 Dec 2028 |
| MUTHOOT FINCORP LIMITED | INE549K08533 | 10.26% | AA- | 10.40% | 24 Dec 2030 |
| MUTHOOT FINCORP LIMITED | INE549K08632 | 10.26% | AA | 10.40% | 31 Dec 2031 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07491 | 9.05% | AA- | 10.25% | 27 Jul 2028 |
| PAISALO DIGITAL LIMITED | INE420C07221 | 9.92% | AA | 10.15% | 19 Aug 2029 |
| PAISALO DIGITAL LIMITED | INE420C07189 | 9.25% | AA | 10.15% | 18 Sept 2028 |
| CAPRI GLOBAL CAPITAL LIMITED | INE180C08013 | 9.75% | AA+ | 10.10% | 13 Oct 2036 |
| NIDO HOME FINANCE LIMITED | INE530L07475 | 9.15% | AA- | 10.10% | 29 Apr 2027 |
| MUTHOOT HOUSING FINANCE COMPANY LIMITED | INE882Z08049 | 10.25% | AA- | 10.10% | 23 Jun 2029 |
| MUTHOOT CAPITAL SERVICES LIMITED | INE296G07358 | 9.25% | AA- | 10.00% | 15 Oct 2029 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07442 | 9.25% | AA- | 10.00% | 24 Dec 2028 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07483 | 9.15% | AA- | 10.00% | 27 Jul 2029 |
| PAISALO DIGITAL LIMITED | INE420C07130 | 10.00% | AA | 10.00% | 03 Jun 2027 |
| PAISALO DIGITAL LIMITED | INE420C07213 | 9.50% | AA | 10.00% | 19 Aug 2029 |
| IIFL FINANCE LIMITED | INE530B07534 | 9.30% | AA | 10.00% | 21 Apr 2027 |
| DMI FINANCE PRIVATE LIMITED | INE604O07258 | 9.50% | AA | 10.00% | 11 Aug 2028 |
| INDOSTAR CAPITAL FINANCE LIMITED | INE896L07AE9 | 10.15% | AA- | 9.97% | 27 Aug 2027 |
| PAISALO DIGITAL LIMITED | INE420C07247 | 10.47% | AA | 9.95% | 19 Aug 2031 |
| MUTHOOT FINANCE LIMITED | INE414G07IQ8 | 8.85% | AA+ | 9.94% | 07 Dec 2026 |
| MUTHOOT HOUSING FINANCE COMPANY LIMITED | INE882Z08064 | 10.25% | AA- | 9.94% | 28 Jul 2029 |
| MUTHOOT MICROFIN LIMITED | INE046W07396 | 9.25% | AA- | 9.91% | 08 Sept 2028 |
| PAISALO DIGITAL LIMITED | INE420C07197 | 9.00% | AA | 9.90% | 19 Feb 2028 |
| PAISALO DIGITAL LIMITED | INE420C07205 | 9.15% | AA | 9.90% | 19 Aug 2028 |
| MUTHOOT FINCORP LIMITED | INE549K08426 | 10.05% | AA- | 9.90% | 31 May 2029 |
| IIFL FINANCE LIMITED | INE530B08276 | 9.90% | AA | 9.89% | 31 Dec 2999 |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED | INE121A08PF8 | 8.75% | AA+ | 9.89% | 23 May 2030 |
| HINDUJA LEYLAND FINANCE LIMITED | INE146O08399 | 9.25% | AA+ | 9.85% | 09 Jul 2031 |
| IIFL SAMASTA FINANCE LIMITED | INE413U07467 | 9.25% | AA | 9.85% | 12 Aug 2029 |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED | INE121A08QA7 | 9.87% | AA | 9.85% | 31 Dec 9999 |
| MUTHOOT FINCORP LIMITED | INE549K07GX3 | 9.05% | AA- | 9.81% | 16 Jul 2028 |
| EDELWEISS FINANCIAL SERVICES LIMITED | INE532F07CQ2 | 9.15% | AA- | 9.80% | 28 Dec 2026 |
| IIFL FINANCE LIMITED | INE530B08268 | 9.35% | AA | 9.75% | 08 Sept 2033 |
| INCRED FINANCIAL SERVICES LIMITED | INE321N07533 | 9.50% | AA- | 9.75% | 28 May 2027 |
| EDELWEISS FINANCIAL SERVICES LIMITED | INE532F07DB2 | 9.35% | AA- | 9.75% | 20 Oct 2027 |
| INCRED FINANCIAL SERVICES LIMITED | INE321N07509 | 9.50% | AA- | 9.72% | 19 Jul 2027 |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED | INE338I07149 | 9.10% | AA | 9.72% | 09 May 2027 |
| ASIRVAD MICRO FINANCE LIMITED | INE516Q07473 | 9.10% | AA- | 9.70% | 30 Mar 2028 |
| ASIRVAD MICRO FINANCE LIMITED | INE516Q07481 | 9.10% | AA- | 9.70% | 02 Jun 2028 |
| ASIRVAD MICRO FINANCE LIMITED | INE516Q07507 | 9.10% | AA- | 9.70% | 24 Sept 2028 |
| IIFL FINANCE LIMITED | INE530B08193 | 9.25% | AA | 9.70% | 24 Jun 2032 |
| SK FINANCE LIMITED | INE124N07820 | 9.10% | AA- | 9.70% | 10 Aug 2029 |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED | INE121A08PQ5 | 9.50% | AA | 9.65% | 31 Dec 9999 |
| INDOSTAR CAPITAL FINANCE LIMITED | INE896L07AL4 | 9.40% | AA- | 9.65% | 18 Jun 2027 |
| MAGMA GENERAL INSURANCE LIMITED | INE312X08026 | 9.70% | AA | 9.61% | 28 Dec 2033 |
| ASK FINANCIAL HOLDINGS PRIVATE LIMITED | INE02QA07059 | 9.60% | AA- | 9.60% | 24 Sept 2029 |
| INCRED FINANCIAL SERVICES LIMITED | INE321N07632 | 8.60% | AA- | 9.60% | 06 Mar 2028 |
| DMI FINANCE PRIVATE LIMITED | INE604O07233 | 9.22% | AA | 9.60% | 12 Dec 2028 |
| IKF FINANCE LIMITED | INE859C07303 | 9.00% | AA- | 9.60% | 12 Sept 2028 |
| HERO FINCORP LIMITED | INE957N07591 | 7.35% | AA+ | 9.60% | 07 May 2031 |
| SAMMAAN CAPITAL LIMITED | INE148I07VI8 | 10.25% | AA | 9.58% | 27 Dec 2034 |
| INCRED FINANCIAL SERVICES LIMITED | INE321N07624 | 9.00% | AA- | 9.57% | 14 Aug 2028 |
| INCRED FINANCIAL SERVICES LIMITED | INE321N07590 | 8.80% | AA- | 9.55% | 06 Dec 2027 |
| SAMMAAN CAPITAL LIMITED | INE148I07RR7 | 10.50% | AA | 9.55% | 27 Dec 2030 |
| INCRED FINANCIAL SERVICES LIMITED | INE321N07756 | 8.80% | AA- | 9.55% | 20 Sept 2028 |
| MUTHOOT FINCORP LIMITED | INE549K07GE3 | 9.65% | AA- | 9.51% | 19 May 2028 |
| MUTHOOT CAPITAL SERVICES LIMITED | INE296G07333 | 9.25% | AA- | 9.50% | 24 Aug 2029 |
| MAS FINANCIAL SERVICES LIMITED | INE348L07415 | 9.00% | AA- | 9.50% | 18 Dec 2028 |
| PIRAMAL CAPITAL & HOUSING FINANCE LIMITED | INE516Y07519 | 9.30% | AA | 9.50% | 07 Jan 2027 |
| IIFL FINANCE LIMITED | INE530B07385 | 8.65% | AA | 9.50% | 28 Jun 2028 |
| EDELWEISS FINANCIAL SERVICES LIMITED | INE532F07DC0 | 9.75% | AA- | 9.50% | 20 Oct 2027 |
| MUTHOOT FINCORP LIMITED | INE549K08574 | 10.26% | AA- | 9.50% | 18 Jul 2031 |
| NUVAMA WEALTH FINANCE LIMITED | INE918K08035 | 9.60% | AA | 9.50% | 24 Dec 2032 |
| MUTHOOT FINCORP LIMITED | INE549K07JD9 | 8.84% | AA | 9.47% | 24 Sept 2031 |
| SAMMAAN CAPITAL LIMITED | INE148I07WZ0 | 9.75% | AA | 9.47% | 19 Jun 2035 |
| CREDITACCESS GRAMEEN LIMITED | INE741K07645 | 9.15% | AA- | 9.46% | 30 Sept 2028 |
| SAMMAAN CAPITAL LIMITED | INE148I07WU1 | 9.02% | AA | 9.45% | 19 Mar 2028 |
| JUBILANT BEVCO LIMITED | INE1D4P08019 | — | AA | 9.45% | 31 May 2028 |
| MUTHOOT FINCORP LIMITED | INE549K07JI8 | 9.20% | AA | 9.43% | 24 Sept 2031 |
| CAPRI GLOBAL CAPITAL LIMITED | INE180C07338 | 9.30% | AA | 9.42% | 30 Apr 2031 |
| EDELWEISS FINANCIAL SERVICES LIMITED | INE532F07DK3 | 9.67% | AA- | 9.41% | 20 Jan 2028 |
| JTPM METAL TRADERS LIMITED | INE02PE08036 | — | AA | 9.40% | 30 Apr 2030 |
| AVANSE FINANCIAL SERVICES LIMITED | INE087P07477 | 9.00% | AA- | 9.40% | 24 Jul 2028 |
| SAMMAAN CAPITAL LIMITED | INE148I07ML1 | 9.15% | AA | 9.40% | 28 Sept 2027 |
| MUTHOOT FINCORP LIMITED | INE549K07DQ4 | 10.00% | AA- | 9.40% | 30 Apr 2030 |
| MUTHOOT FINCORP LIMITED | INE549K07GQ7 | 9.80% | AA- | 9.40% | 16 Jul 2031 |
| KERALA INFRASTRUCTURE INVESTMENT FUND BOARD | INE658F08540 | 9.30% | AA | 9.40% | 21 Jan 2035 |
| PIRAMAL FINANCE LIMITED | INE516Y07444 | 6.75% | AA | 9.39% | 26 Sept 2031 |
| HINDUJA LEYLAND FINANCE LIMITED | INE146O08373 | 9.10% | AA+ | 9.35% | 11 Apr 2031 |
| SAMMAAN CAPITAL LIMITED | INE148I07XN4 | 9.20% | AA | 9.35% | 01 Aug 2032 |
Showing the 100 highest-yielding of 431 bonds in this segment. Open the full screener to filter the whole market by issuer, coupon, rating and maturity.
A yield only means something once you know what it is compensating you for and what you actually keep after tax. Work the numbers on the bond you are looking at, or read the background first.