Andhra Pradesh Mineral Development Corporation May ’33
Andhra Pradesh Mineral Development Corporation May ’33 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.1%.
Data as of 20 Oct 2026
9% above face value
You pay ₹1,08,738 against a face value of ₹1,00,000, about 9% more. Part of any premium is simply interest accrued since the last coupon, but on this bond that can account for at most about 2% - it pays quarterly at a 9.3% coupon. The remainder is a genuine premium: you are paying above face for the yield on offer, and your capital at risk is the full ₹1,08,738, not the face value.
How this yield compares
About this bond
Andhra Pradesh Mineral Development Corporation May ’33 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.1%. It pays a coupon of 9.3% and matures on 9 May 2033, a remaining tenure of about 6.6 yr. It is rated AA, a high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.1L.
Its 8.1% yield is solid for its risk band, toward the lower end at 298th of 319 Corporate bonds. That trails the Corporate median of 10.50% by 2.40 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.55%, so this bond adds roughly 1.55 points for taking on credit risk. Its medium 6.6 yr horizon balances rate lock-in against flexibility. Paired with its very high safety (AA) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Muthoot Fincorp (INE549K08590) at 10.5%, Muthoot Fincorp (INE549K08632) at 10.4% and Paisalo (INE420C07197) at 10.1%.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 8.1% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 6.6 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 8.10% | ₹1,66,574 |
| 5% slab | 7.69% | ₹1,62,528 |
| 20% slab | 6.48% | ₹1,50,885 |
| 30% slab | 5.67% | ₹1,43,522 |
At a 9.3% coupon, ₹1,00,000 of face value pays about ₹9,300 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 6.6 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the AA credit risk is the reason for the gap.
When you get paid
Interest lands 4 times a year, in Feb, May, Aug, Nov, with about 27 payments still to come before 9 May 2033, each at the 9.3% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on BondScanner before investing.
