NCD Issues

1 tracked · updated 19 Sept 2026, 1:29 am IST

A non-convertible debenture is a fixed-income instrument issued by a company, paying interest at a stated coupon and repaying principal at maturity. It cannot be converted into equity. NCDs carry the credit risk of the issuer, which is what the rating agencies assess and what the coupon is compensating for.

IssuerSizeSeriesOpensCloses
GOVERNMENT OF INDIA
795GS2032
Interest Payment 28 Aug 2026

Questions

Are NCDs safer than shares?

They rank ahead of equity if an issuer fails, but they are not risk-free: an NCD depends entirely on the issuer’s ability to pay, which is what its credit rating addresses. A higher coupon generally reflects higher assessed risk.

Dates and prices as disclosed by the exchange. We report them; we do not advise on whether to participate — see the disclaimer.