BBB-rated corporate bonds in India
BBB is the lowest investment-grade tier. Repayment capacity is judged moderate: currently sufficient, but more likely to weaken if business conditions deteriorate. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment. Our directory lists 1,118 BBB-rated bonds from 170 issuers, with indicative yields from 0.01% to 20.68% (median 12.13%).
- BBB-rated bonds
- 1,118
- Issuers
- 170
- Median indicative yield
- 12.13%
Largest BBB-rated issues
The 20 biggest BBB-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 |
|---|---|---|---|---|
| JVJaipur Vidyut Vitran Nigam LimitedBBBINE887F08040 | 9.80% | 10.03% | 30 Mar 2031 | ₹8717.4 crore |
| RCReliance Capital LimitedBBB-INE013A078S5 | – | Not quoted | 17 Mar 2028 | ₹4300 crore |
| VIVodafone Idea Telecom Infrastructure LimitedBBB-INE06X107021 | 12.00% | 11.95% | 30 Sept 2027 | ₹3000 crore |
| CICyqure India Private LimitedBBB-INE0Z4807015 | – | Not quoted | 17 Mar 2028 | ₹3000 crore |
| ITIL&FS Tamil Nadu Power Company LimitedBBB-INE433M07058 | 0.00% | Not quoted | 31 Mar 2040 | ₹2655 crore |
| KPKalpataru Properties LimitedBBBINE0K4J07032 | 8.00% | 8.24% | 31 May 2030 | ₹1750 crore |
| MPMahaprabhu Projects Private LimitedBBB-INE1HRN07017 | – | Not quoted | 28 Apr 2028 | ₹1745 crore |
| EPEmbassy Property Developments Private LimitedBBBINE003L07077 | – | Not quoted | 2 Mar 2030 | ₹1080 crore |
| MDMagnite Developers Private LimitedBBB-INE0M1Q07015 | 10.00% | Not quoted | 31 Mar 2027 | ₹800 crore |
| SCSouth City Projects (Kolkata) Ltd.BBB+INE1YOE07026 | – | Not quoted | 12 Jun 2031 | ₹750 crore |
| ITIL&FS Tamil Nadu Power Company LimitedBBB-INE433M08437 | 0.00% | Not quoted | 31 Mar 2040 | ₹731.95 crore |
| SPStriton Properties Private LimitedBBB+INE09BC08019 | 14.00% | Not quoted | 1 Jul 2029 | ₹725 crore |
| ACAkara Capital Advisors Private LimitedBBBINE08XP07282 | 12.00% | 12.68% | 14 Aug 2028 | ₹524.6 crore |
| SSSpandana Sphoorty Financial LimitedBBB+INE572J07810 | 11.25% | 11.85% | 26 Apr 2028 | ₹500 crore |
| WBWest Bengal State Electricity Distribution Company LimitedBBBINE411L07031 | 10.85% | 10.87% | 4 Aug 2026 | ₹487.5 crore |
| HCHindustan Construction Company LimitedBBB-INE549A07270 | 0.01% | Not quoted | 31 Mar 2029 | ₹480.66 crore |
| AAAlpha Alternatives Financial Services Private LimitedBBBINE0L6807096 | – | Not quoted | 4 Nov 2026 | ₹450 crore |
| IAIrb Ahmedabad Vadodara Super Express Tollway Private LimitedBBBINE102N07016 | 9.35% | 9.76% | 31 Dec 2030 | ₹450 crore |
| VDVr Dakshin Private LimitedBBBINE084S08013 | 12.00% | Not quoted | 3 Feb 2035 | ₹448 crore |
| ATArugn Technologies Private LimitedBBB+INE2GLH07020 | 17.35% | 17.25% | 30 Sept 2029 | ₹445 crore |
- JVJaipur Vidyut Vitran Nigam LimitedBBBINE887F0804010.03%Indicative yield
- Coupon
- 9.80%
- Maturity
- 30 Mar 2031
- Issue size
- ₹8717.4 crore
Taxable→ - RCReliance Capital LimitedBBB-INE013A078S5Not quotedSee bond page
- Coupon
- –
- Maturity
- 17 Mar 2028
- Issue size
- ₹4300 crore
Taxable→ - VIVodafone Idea Telecom Infrastructure LimitedBBB-INE06X10702111.95%Indicative yield
- Coupon
- 12.00%
- Maturity
- 30 Sept 2027
- Issue size
- ₹3000 crore
Taxable→ - CICyqure India Private LimitedBBB-INE0Z4807015Not quotedSee bond page
- Coupon
- –
- Maturity
- 17 Mar 2028
- Issue size
- ₹3000 crore
Taxable→ - ITIL&FS Tamil Nadu Power Company LimitedBBB-INE433M07058Not quotedSee bond page
- Coupon
- 0.00%
- Maturity
- 31 Mar 2040
- Issue size
- ₹2655 crore
Taxable→ - KPKalpataru Properties LimitedBBBINE0K4J070328.24%Indicative yield
- Coupon
- 8.00%
- Maturity
- 31 May 2030
- Issue size
- ₹1750 crore
Taxable→ - MPMahaprabhu Projects Private LimitedBBB-INE1HRN07017Not quotedSee bond page
- Coupon
- –
- Maturity
- 28 Apr 2028
- Issue size
- ₹1745 crore
Taxable→ - EPEmbassy Property Developments Private LimitedBBBINE003L07077Not quotedSee bond page
- Coupon
- –
- Maturity
- 2 Mar 2030
- Issue size
- ₹1080 crore
Taxable→ - MDMagnite Developers Private LimitedBBB-INE0M1Q07015Not quotedSee bond page
- Coupon
- 10.00%
- Maturity
- 31 Mar 2027
- Issue size
- ₹800 crore
Taxable→ - SCSouth City Projects (Kolkata) Ltd.BBB+INE1YOE07026Not quotedSee bond page
- Coupon
- –
- Maturity
- 12 Jun 2031
- Issue size
- ₹750 crore
Taxable→ - ITIL&FS Tamil Nadu Power Company LimitedBBB-INE433M08437Not quotedSee bond page
- Coupon
- 0.00%
- Maturity
- 31 Mar 2040
- Issue size
- ₹731.95 crore
Taxable→ - SPStriton Properties Private LimitedBBB+INE09BC08019Not quotedSee bond page
- Coupon
- 14.00%
- Maturity
- 1 Jul 2029
- Issue size
- ₹725 crore
Taxable→ - ACAkara Capital Advisors Private LimitedBBBINE08XP0728212.68%Indicative yield
- Coupon
- 12.00%
- Maturity
- 14 Aug 2028
- Issue size
- ₹524.6 crore
Taxable→ - SSSpandana Sphoorty Financial LimitedBBB+INE572J0781011.85%Indicative yield
- Coupon
- 11.25%
- Maturity
- 26 Apr 2028
- Issue size
- ₹500 crore
Taxable→ - WBWest Bengal State Electricity Distribution Company LimitedBBBINE411L0703110.87%Indicative yield
- Coupon
- 10.85%
- Maturity
- 4 Aug 2026
- Issue size
- ₹487.5 crore
Taxable→ - HCHindustan Construction Company LimitedBBB-INE549A07270Not quotedSee bond page
- Coupon
- 0.01%
- Maturity
- 31 Mar 2029
- Issue size
- ₹480.66 crore
Taxable→ - AAAlpha Alternatives Financial Services Private LimitedBBBINE0L6807096Not quotedSee bond page
- Coupon
- –
- Maturity
- 4 Nov 2026
- Issue size
- ₹450 crore
Taxable→ - IAIrb Ahmedabad Vadodara Super Express Tollway Private LimitedBBBINE102N070169.76%Indicative yield
- Coupon
- 9.35%
- Maturity
- 31 Dec 2030
- Issue size
- ₹450 crore
Taxable→ - VDVr Dakshin Private LimitedBBBINE084S08013Not quotedSee bond page
- Coupon
- 12.00%
- Maturity
- 3 Feb 2035
- Issue size
- ₹448 crore
Taxable→ - ATArugn Technologies Private LimitedBBB+INE2GLH0702017.25%Indicative yield
- Coupon
- 17.35%
- Maturity
- 30 Sept 2029
- Issue size
- ₹445 crore
Taxable→
Showing the 20 largest of 1,118 BBB-rated bonds. Browse the full directory →
Frequently asked questions
What does the BBB grade mean?
BBB is the lowest investment-grade tier. Repayment capacity is judged moderate: currently sufficient, but more likely to weaken if business conditions deteriorate. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.
How many BBB-rated corporate bonds are there in India?
Our directory lists 1,118 BBB-rated bonds from 170 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 BBB-rated bonds offer?
Indicative yields can be computed for 779 of these bonds; they range from 0.01% to 20.68% 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 BBB-rated bonds?
The most frequent BBB-rated issuers in our data are Icl Fincorp Limited, Achiievers Finance India Limited, Lulu Financial Services (India) Private Limited, Klm Axiva Finvest 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.