BB-rated corporate bonds in India
BB and below are non-investment-grade ('high yield'). A BB rating signals moderate risk of default: the issuer's capacity to repay is uncertain and depends on a favourable environment. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment. Our directory lists 301 BB-rated bonds from 68 issuers, with indicative yields from 0.00% to 19.56% (median 12.13%).
- BB-rated bonds
- 301
- Issuers
- 68
- Median indicative yield
- 12.13%
Largest BB-rated issues
The 20 biggest BB-rated bonds by issue size (a proxy for size and liquidity). Yields are indicative, computed from disclosed terms at face value.
| Issuer | Coupon | Indicative yield | Maturity | Issue size |
|---|---|---|---|---|
| PRProlific Resolution Private LimitedBB-INE08YT07019 | 0.01% | Not quoted | 30 Sept 2030 | ₹2303 crore |
| GSGujarat State Investments LimitedBBINE08EQ08031 | 9.03% | 9.22% | 22 Mar 2028 | ₹2000 crore |
| JIJain Irrigation Systems LimitedBB+INE175A07019 | 0.01% | 0.01% | 31 Mar 2028 | ₹1309.23 crore |
| GPGMR Pochanpalli Expressways LimitedBB-INE808H07010 | 9.38% | 9.49% | 15 Oct 2026 | ₹650 crore |
| VAValencia and Mishal Ventures Private LimitedBB-INE02HF07024 | 12.00% | Not quoted | 30 Apr 2029 | ₹570 crore |
| PRProlific Resolution Private LimitedBB-INE08YT07027 | 0.01% | Not quoted | 30 Sept 2030 | ₹551.4 crore |
| SPSiskin Projects Private LimitedBBINE2C3E07017 | 10.00% | Not quoted | 30 Mar 2030 | ₹550 crore |
| NINLC India LimitedBB+INE589A08043 | 6.85% | 6.84% | 13 Apr 2032 | ₹500 crore |
| PIPunjab Infrastructure Development BoardBB+INE091D11105 | – | Not quoted | 27 Dec 2027 | ₹499.93 crore |
| SPSuruchi Properties Private LimitedBB-INE217T07027 | 10.00% | 10.38% | 11 Jun 2028 | ₹450 crore |
| VEVision Erectors Private LimitedBB+INE1V4F07010 | 18.50% | Not quoted | 10 Oct 2029 | ₹400 crore |
| IOImmencity Office Parks Private LimitedBB-INE2D6C07013 | 12.00% | 12.68% | 16 Aug 2030 | ₹400 crore |
| RRRajasthan Rajya Vidyut Prasaran Nigam Ltd.BB+INE572F08089 | 8.69% | 8.84% | 23 Mar 2027 | ₹399.7 crore |
| UMUrjah Metallics Private LimitedBB+INE0U4E07023 | – | Not quoted | 31 Dec 2030 | ₹350 crore |
| IPIntellinest Properties Private LimitedBB-INE2TSF07014 | 19.00% | Not quoted | 30 Jun 2031 | ₹350 crore |
| AHAvigna Housing Private LimitedBBINE0QJD07018 | – | Not quoted | 6 May 2029 | ₹325 crore |
| RRRajasthan Rajya Vidyut Prasaran Nigam Ltd.BB+INE572F09202 | 8.65% | 8.83% | 5 Jan 2027 | ₹300.3 crore |
| TETotal Environment Constructions Private LimitedBB+INE257Y07049 | 13.53% | 14.40% | 31 Mar 2029 | ₹280 crore |
| HCHindustan Construction Company LimitedBBINE549A07213 | 0.01% | Not quoted | 30 Jun 2029 | ₹267 crore |
| CICasablanca Industries Private LimitedBB-INE834U07027 | – | Not quoted | 22 Nov 2030 | ₹256 crore |
- PRProlific Resolution Private LimitedBB-INE08YT07019Not quotedSee bond page
- Coupon
- 0.01%
- Maturity
- 30 Sept 2030
- Issue size
- ₹2303 crore
Taxable→ - GSGujarat State Investments LimitedBBINE08EQ080319.22%Indicative yield
- Coupon
- 9.03%
- Maturity
- 22 Mar 2028
- Issue size
- ₹2000 crore
Taxable→ - JIJain Irrigation Systems LimitedBB+INE175A070190.01%Indicative yield
- Coupon
- 0.01%
- Maturity
- 31 Mar 2028
- Issue size
- ₹1309.23 crore
Taxable→ - GPGMR Pochanpalli Expressways LimitedBB-INE808H070109.49%Indicative yield
- Coupon
- 9.38%
- Maturity
- 15 Oct 2026
- Issue size
- ₹650 crore
Taxable→ - VAValencia and Mishal Ventures Private LimitedBB-INE02HF07024Not quotedSee bond page
- Coupon
- 12.00%
- Maturity
- 30 Apr 2029
- Issue size
- ₹570 crore
Taxable→ - PRProlific Resolution Private LimitedBB-INE08YT07027Not quotedSee bond page
- Coupon
- 0.01%
- Maturity
- 30 Sept 2030
- Issue size
- ₹551.4 crore
Taxable→ - SPSiskin Projects Private LimitedBBINE2C3E07017Not quotedSee bond page
- Coupon
- 10.00%
- Maturity
- 30 Mar 2030
- Issue size
- ₹550 crore
Taxable→ - NINLC India LimitedBB+INE589A080436.84%Indicative yield
- Coupon
- 6.85%
- Maturity
- 13 Apr 2032
- Issue size
- ₹500 crore
Taxable→ - PIPunjab Infrastructure Development BoardBB+INE091D11105Not quotedSee bond page
- Coupon
- –
- Maturity
- 27 Dec 2027
- Issue size
- ₹499.93 crore
Taxable→ - SPSuruchi Properties Private LimitedBB-INE217T0702710.38%Indicative yield
- Coupon
- 10.00%
- Maturity
- 11 Jun 2028
- Issue size
- ₹450 crore
Taxable→ - VEVision Erectors Private LimitedBB+INE1V4F07010Not quotedSee bond page
- Coupon
- 18.50%
- Maturity
- 10 Oct 2029
- Issue size
- ₹400 crore
Taxable→ - IOImmencity Office Parks Private LimitedBB-INE2D6C0701312.68%Indicative yield
- Coupon
- 12.00%
- Maturity
- 16 Aug 2030
- Issue size
- ₹400 crore
Taxable→ - RRRajasthan Rajya Vidyut Prasaran Nigam Ltd.BB+INE572F080898.84%Indicative yield
- Coupon
- 8.69%
- Maturity
- 23 Mar 2027
- Issue size
- ₹399.7 crore
Taxable→ - UMUrjah Metallics Private LimitedBB+INE0U4E07023Not quotedSee bond page
- Coupon
- –
- Maturity
- 31 Dec 2030
- Issue size
- ₹350 crore
Taxable→ - IPIntellinest Properties Private LimitedBB-INE2TSF07014Not quotedSee bond page
- Coupon
- 19.00%
- Maturity
- 30 Jun 2031
- Issue size
- ₹350 crore
Taxable→ - AHAvigna Housing Private LimitedBBINE0QJD07018Not quotedSee bond page
- Coupon
- –
- Maturity
- 6 May 2029
- Issue size
- ₹325 crore
Taxable→ - RRRajasthan Rajya Vidyut Prasaran Nigam Ltd.BB+INE572F092028.83%Indicative yield
- Coupon
- 8.65%
- Maturity
- 5 Jan 2027
- Issue size
- ₹300.3 crore
Taxable→ - TETotal Environment Constructions Private LimitedBB+INE257Y0704914.40%Indicative yield
- Coupon
- 13.53%
- Maturity
- 31 Mar 2029
- Issue size
- ₹280 crore
Taxable→ - HCHindustan Construction Company LimitedBBINE549A07213Not quotedSee bond page
- Coupon
- 0.01%
- Maturity
- 30 Jun 2029
- Issue size
- ₹267 crore
Taxable→ - CICasablanca Industries Private LimitedBB-INE834U07027Not quotedSee bond page
- Coupon
- –
- Maturity
- 22 Nov 2030
- Issue size
- ₹256 crore
Taxable→
Showing the 20 largest of 301 BB-rated bonds. Browse the full directory →
Frequently asked questions
What does the BB grade mean?
BB and below are non-investment-grade ('high yield'). A BB rating signals moderate risk of default: the issuer's capacity to repay is uncertain and depends on a favourable environment. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.
How many BB-rated corporate bonds are there in India?
Our directory lists 301 BB-rated bonds from 68 issuers, based on depository disclosures. This covers the broader rated market, not only the best-issuer set the directory browses by default.
What yields do BB-rated bonds offer?
Indicative yields can be computed for 168 of these bonds; they range from 0.00% to 19.56% with a median of 12.13%. These are computed from each bond's disclosed terms at face value (actual traded prices, and therefore actual yields, differ).
Who issues BB-rated bonds?
The most frequent BB-rated issuers in our data are Kings Infra Ventures Limited, Icl Fincorp Limited, Hedge Finance Ltd, Arthmate Financing India Private Limited. The list below ranks the largest individual issues by issue size.
How fresh is this data?
Everything on this page derives from depository disclosures and the most conservative current agency grade for each bond. Figures update when the dataset refreshes, no number here is estimated or filled in.