India Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-india
India Corporate Bond Yields (USD) as of 2026-09-10: 7Y at 6.02%, fitted curve 1M–25Y (5.07%–6.03%), 44 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 5.07% | — |
| 6M | 5.17% | 5.27% |
| 12M | 5.31% | 5.54% |
| 18M | 5.47% | 5.87% |
| 2Y | 5.61% | 6.17% |
| 3Y | 5.83% | 6.42% |
| 4Y | 5.95% | 6.43% |
| 5Y | 6.00% | 6.32% |
| 6Y | 6.01% | 6.22% |
| 7Y | 6.02% | 6.17% |
| 15Y | 6.03% | 6.12% |
| 20Y | 6.03% | 6.12% |
| 25Y | 6.03% | 6.12% |
2Y, 10Y and the 10Y−2Y spread over time
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.61% | 5.60% | 5.51% | 5.66% | 5.29% | 5.40% | 5.29% |
| 10Y | — | — | — | — | — | — | — |
| 10Y − 2Y | — | — | — | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 79 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.45%, Speculative 6.30%.
Bonds in this curve
A selection of 30 of the 82 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Delhi International Airport Private LTD | 5.35% | 2026-10-31 | 6.12% | USY2R27RAB56 |
| JSW Steel LTD | 5.16% | 2027-04-05 | 3.95% | USY44680RV38 |
| Shriram Finance LTD | 5.21% | 2027-04-22 | 6.62% | USY775M1BG76 |
| Adani Enterprises LTD | 5.14% | 2027-08-04 | 4.20% | US00652MAG78 |
| GMR Hyderabad Intl Arpt LTD | 5.28% | 2027-10-27 | 4.25% | USY3004WAA00 |
| Reliance Industries LTD | 5.02% | 2027-11-30 | 3.67% | USY72570AN72 |
| Reliance Industries LTD | 5.01% | 2027-11-30 | 3.67% | US759470AX52 |
| Muthoot Finance LTD | 6.42% | 2028-02-14 | 7.12% | US62828M2C41 |
| Ntpc Limited | 4.77% | 2028-03-19 | 4.50% | XS1792122266 |
| Iifl Finance LTD | 6.75% | 2028-07-24 | 8.75% | US44964HAA23 |
| JSW Infrastructure LTD | 5.33% | 2029-01-21 | 4.95% | USY4470XAA10 |
| Delhi International Airport Private LTD | 5.69% | 2029-06-04 | 6.45% | USY2R40TAB40 |
| Adani Enterprises LTD | 5.84% | 2029-07-03 | 4.38% | USY00130RP42 |
| Hdfc Bank LTD | 5.53% | 2029-08-26 | 5.16% | US42190GAA40 |
| Canara Bank | 5.49% | 2029-09-11 | 4.90% | XS2891748001 |
| Muthoot Finance LTD | 6.46% | 2030-08-04 | 5.75% | US62828M2F71 |
| Adani Enterprises LTD | 6.02% | 2031-02-02 | 3.10% | USY00130XS17 |
| Renew Treasury Ifsc Private LTD | 6.93% | 2031-02-02 | 6.50% | USY72910AA35 |
| Ultratech Cement LTD | 5.59% | 2031-02-16 | 2.80% | USY9048BAA18 |
| JSW Hydro Energy LTD | 6.15% | 2031-05-18 | 4.12% | USY4S71YAA27 |
| Bharti Airtel LTD | 5.45% | 2031-06-03 | 3.25% | USY0889VAC47 |
| Adani Enterprises LTD | 6.20% | 2031-07-22 | 3.87% | XS2367109803 |
| Summit Digitel Infrastructure Private LTD | 5.66% | 2031-08-12 | 2.88% | USY8190DAA55 |
| JSW Steel LTD | 5.82% | 2032-04-05 | 5.05% | USY44680RW11 |
| Trinethra Wind & Hydro PWR PVT LTD / DJ Energy PVT LTD / Bothe Windfarm DEV PVT | 7.08% | 2033-06-26 | 7.50% | US89629LAA52 |
| Reliance Industries LTD | 5.65% | 2040-10-19 | 6.25% | USY72570AR86 |
| Adani Enterprises LTD | 6.59% | 2041-08-02 | 5.00% | USY00130YU53 |
| Reliance Industries LTD | 6.15% | 2045-02-10 | 4.88% | USY72570AM99 |
| Reliance Industries LTD | 6.22% | 2052-01-12 | 3.62% | USY72570AU16 |
| Reliance Industries LTD | 6.09% | 2052-01-12 | 3.62% | US759470BD89 |