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Indian Bond Market Report — Week of May 04, 2026

4 May 2026BondDekho Team6 min read
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Key Takeaways

  1. BondDekho tracks 3,239 bonds across 12 platforms with 3,842 total listings.
  2. The average yield to maturity across all platforms is 10.04%.
  3. 21 new bonds were listed this week.
  4. The highest-yielding new bond is Spandana Sphoorty Financial Limited (BBB+) at 12.65% YTM.
  5. The highest YTM available is 15.30% from AKARA CAPITAL ADVISORS PRIVATE LIMITED (BBB).
  6. The NBFC sector has the most bonds (290) with an average YTM of 10.34%.

Market Overview

BondDekho data shows 3,239 bonds are currently tracked across 12 online bond platform providers (OBPPs), with 3,842 total listings. The average yield to maturity across all platforms stands at 10.04%.

MetricValue
Total Bonds3,239
Total Platforms12
Total Listings3,842
Average YTM10.04%
Data Last Updated2026-05-07T12:14:34.783533

What New Bonds Were Listed This Week?

BondDekho data shows 21 new bonds were listed across platforms this week.

IssuerISINRatingYTMPlatforms
Spandana Sphoorty Financial LimitedINE572J07810BBB+12.65%3
Namdev Finvest Private LimitedINE0IX207171BBB+11.60%1
Csl Finance LimitedINE718F07031A-11.60%1
Finkurve Financial Services LimitedINE734I07040BBB11.60%1
Western Capital Advisors Private LimitedINE0A3007065A-11.50%1
PURPLE FINANCE LIMITEDINE0CYK07020BBB-11.50%1
Satin Finserv LimitedINE03K307157A-11.35%1
Indel Money LimitedINE0BUS07CM6A-11.20%1
EARLYSALARY SERVICES PRIVATE LIMITEDINE01YL07441A-11.05%2
Moneyboxx Finance LimitedINE296Q07118BBB11.00%1
Mangalam Worldwide LimitedINE0JYY07026A10.90%2
Aye Finance Private LimitedINE501X07570A10.75%1
MUTHOOT FINCORP LIMITEDINE549K08426AA-9.50%1
Kerala Infrastructure Investment Fund BoardINE658F08318AA9.26%1
IFCI LIMITEDINE039A09MN1B+8.70%1

Data is for informational purposes only. Sorted by YTM. Not a recommendation.

What Does the Rating Distribution Look Like?

BondDekho data shows the following credit rating distribution across 1814 rated bonds:

RatingBond Count
AAA750
AA235
A203
AA+194
A+113
A-79
AA-75
BBB+65
BBB57
BBB-20
B+13
BB4
BB+4
B1
D1

Credit ratings are assigned by SEBI-registered agencies (CRISIL, ICRA, CARE, etc.). Higher-rated bonds generally offer lower yields. Ratings are not a guarantee of repayment.

Which Bonds Offer the Highest YTM This Week?

The following bonds currently show the highest yield to maturity on BondDekho:

#IssuerRatingYTMSectorPlatforms
1AKARA CAPITAL ADVISORS PRIVATE LIMITEDBBB15.30%NBFC1
2AKARA CAPITAL ADVISORS PRIVATE LIMITEDBBB15.20%NBFC1
3AKARA CAPITAL ADVISORS PRIVATE LIMITEDBBB15.20%NBFC1
4AKARA CAPITAL ADVISORS PRIVATE LIMITEDBBB15.10%NBFC1
5AKARA CAPITAL ADVISORS PRIVATE LIMITEDBBB15.10%NBFC1
6Akara CapitalBBB15.10%NBFC3
7Akara Capital Advisors Private LimitedBBB15.00%1
8AKARA CAPITAL ADVISORS PRIVATE LIMITEDBBB15.00%NBFC2
9KINARA CAPITAL PRIVATE LIMITEDD15.00%1
10Akara Capital Advisors Private LimitedBBB14.80%NBFC3

Higher yields typically reflect higher risk. Sorted by YTM. Not a recommendation.

How Are Different Sectors Performing?

BondDekho data shows how bonds are distributed across sectors:

SectorBondsAvg YTMMin YTMMax YTMTop Rating
NBFC29010.34%4.82%15.30%BBB-
MSME Loans2910.69%8.25%12.00%BBB-
Infrastructure289.21%5.22%13.05%BBB+
Manufacturing258.85%7.73%11.40%AA-
Personal Loans2510.79%8.25%12.40%BBB+
Gold Loans2410.74%8.00%13.75%BBB-
Power158.18%7.55%8.64%AAA
Micro Finance1411.40%10.25%12.65%BBB-
Fmcg108.89%8.50%9.15%AAA
Vehicle Loans1010.51%9.00%11.75%BBB-
Diversified69.67%7.50%10.75%AAA
Others411.65%11.00%12.15%BBB
Technology211.13%10.55%11.60%A-
Real Estate110.15%9.59%10.45%A+
Retail Broker111.00%11.00%11.00%A-
Telecommunication18.01%8.01%8.01%AAA

Sector classification is based on issuer business activity. Not a recommendation of any sector.

Disclaimer

BondDekho is a bond comparison platform, not a SEBI-registered investment adviser. All data and analysis in this report is for educational and informational purposes only and should not be construed as investment advice, a recommendation, or an endorsement of any bond, platform, or issuer.

Bond investments carry risks including credit risk, interest rate risk, and liquidity risk. Past yields do not guarantee future returns. Please consult a SEBI-registered investment adviser before making any investment decisions.

Data is sourced from publicly available information on online bond platform providers (OBPPs) and is updated multiple times daily. BondDekho does not guarantee the accuracy, completeness, or timeliness of this data.

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