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A- | IND-RA NCD Senior Secured Bond

Indel Money Limited

ISIN: INE0BUS07CN4
11.25%
YTM
₹9,854.51
Minimum investment
Monthly
Payout
30 Mar 2028
Maturity
9.75%
Coupon Rate
₹10,000
Face Value
Currently subscribed50 Units available

0% Sold

11.25% / +150 bpsYTM vs coupon

yield above stated coupon

98.5184 / 98.5451Clean / dirty price

Excluding / including accrued interest

About the Issuer

Indel Money Limited is an RBI-registered NBFC mainly providing loans against gold jewellery, particularly in tier 2 and tier 3 cities. India Ratings states the company had 366 branches and AUM of INR 34,770 million as of December 2025.

Debenture trustee
Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)
Issuance date
20 May 2026

Why this bond?

  • IND A-/Stable rating from India Ratings.
  • 9.75% fixed monthly coupon until Mar-2028.
  • 1.10x cover over gold-loan receivables.
  • Gold loans form about 95% of rated AUM.

Returns & Cashflow

Units
1

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