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AA- | ICRA NCD Senior Secured Bond

Incred Financial Services Ltd.

ISIN: INE321N07632
9.45%
YTM
₹1,00,562.08
Minimum investment
Quarterly
Payout
06 Mar 2028
Maturity
8.60%
Coupon Rate
₹1,00,000
Face Value
Currently subscribed10 Units available

0% Sold

9.45% / +85 bpsYTM vs coupon

yield above stated coupon

99.1955 / 100.5621Clean / dirty price

Excluding / including accrued interest

About the Issuer

InCred Financial Services Limited is an RBI-registered systemically important non-deposit-taking NBFC. It was incorporated on 03/02/1995 as Multiflow Financial Services Private Limited, later known as KKR India Financial Services Limited, and now operates retail-focused lending across personal loans, student loans, secured business loans, MSME loans and lending to financial institutions.

Debenture trustee
Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)
Issuance date
26 Feb 2026

Why this bond?

  • CRISIL AA-/Stable rating supports credit quality.
  • 8.80% fixed quarterly coupon to June 2028.
  • 1.05x cover over standard receivables.
  • AUM of 14,136.31 Cr as of March 2026.

Returns & Cashflow

Units
1

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