India Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-india
India Senior Unsecured Corporate Bond Yields (USD) as of 2026-07-27: 6Y at 5.83%, fitted curve 9M–40Y (5.30%–6.03%), 34 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 5.30% | — |
| 12M | 5.38% | 5.64% |
| 18M | 5.53% | 5.82% |
| 2Y | 5.63% | 5.95% |
| 3Y | 5.75% | 5.99% |
| 4Y | 5.80% | 5.95% |
| 5Y | 5.82% | 5.90% |
| 6Y | 5.83% | 5.87% |
| 15Y | 5.90% | 5.94% |
| 20Y | 5.99% | 6.28% |
| 40Y | 6.03% | 6.07% |
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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-03-11 | 6m ago2026-01-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.63% | 5.47% | 5.40% | 5.09% | 5.95% | 5.35% | 5.00% |
| 10Y | — | — | — | — | — | — | — |
| 10Y − 2Y | — | — | — | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 55 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.23%, Speculative 6.35%.
Bonds in this curve
A selection of 30 of the 56 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| JSW Steel LTD | 5.34% | 2027-04-05 | 3.95% | USY44680RV38 |
| Shriram Finance LTD | 5.36% | 2027-04-22 | 6.62% | USY775M1BG76 |
| Adani Enterprises LTD | 5.81% | 2027-08-04 | 4.20% | USY00130VS35 |
| Adani Enterprises LTD | 5.22% | 2027-07-30 | 4.00% | US00652MAD48 |
| Reliance Industries LTD | 4.93% | 2027-11-30 | 3.67% | USY72570AN72 |
| Reliance Industries LTD | 4.69% | 2027-11-30 | 3.67% | US759470AX52 |
| Muthoot Finance LTD | 6.52% | 2028-02-14 | 7.12% | US62828M2C41 |
| Ntpc Limited | 4.70% | 2028-03-19 | 4.50% | XS1792122266 |
| Iifl Finance LTD | 7.22% | 2028-07-24 | 8.75% | US44964HAA23 |
| Iifl Finance LTD | 7.31% | 2028-07-24 | 8.75% | USY3R78RET83 |
| Muthoot Finance LTD | 6.41% | 2029-04-23 | 6.38% | US62828M2D24 |
| Delhi International Airport Private LTD | 5.72% | 2029-06-04 | 6.45% | USY2R40TAB40 |
| Adani Enterprises LTD | 5.72% | 2029-07-03 | 4.38% | USY00130RP42 |
| Adani Enterprises LTD | 5.45% | 2029-07-03 | 4.38% | US00652MAE21 |
| Canara Bank | 5.29% | 2029-09-11 | 4.90% | XS2891748001 |
| Muthoot Finance LTD | 6.54% | 2030-03-02 | 6.38% | US62828M2E07 |
| Muthoot Finance LTD | 6.46% | 2030-08-04 | 5.75% | US62828L2F99 |
| Muthoot Finance LTD | 6.32% | 2030-08-04 | 5.75% | US62828M2F71 |
| Adani Enterprises LTD | 5.87% | 2031-02-02 | 3.10% | USY00130XS17 |
| Renew Treasury Ifsc Private LTD | 6.88% | 2031-02-02 | 6.50% | USY72910AA35 |
| Ultratech Cement LTD | 5.35% | 2031-02-16 | 2.80% | USY9048BAA18 |
| JSW Hydro Energy LTD | 6.05% | 2031-05-18 | 4.12% | USY4S71YAA27 |
| Bharti Airtel LTD | 5.14% | 2031-06-03 | 3.25% | USY0889VAC47 |
| Adani Enterprises LTD | 6.08% | 2031-07-22 | 3.87% | XS2367109803 |
| Adani Enterprises LTD | 6.02% | 2032-02-02 | 3.83% | USY00130YV37 |
| JSW Steel LTD | 5.74% | 2032-04-05 | 5.05% | USY44680RW11 |
| Reliance Industries LTD | 5.55% | 2040-10-19 | 6.25% | USY72570AR86 |
| Adani Enterprises LTD | 6.47% | 2041-08-02 | 5.00% | USY00130YU53 |
| Reliance Industries LTD | 5.96% | 2045-02-10 | 4.88% | USY72570AM99 |
| Reliance Industries LTD | 5.94% | 2062-01-12 | 3.75% | USY72570AT43 |