This bond is no longer available. It has matured, sold out, or been delisted from the platforms we track, last seen on 1 Jul 2026. The details below are kept as a record of the issue. Compare bonds available now →
Spandana Sphoorty Financial Limited
Spandana Sphoorty Financial Limited is a corporate bond issued by a company to raise debt from investors, was last listed at a yield to maturity (YTM) of 12.25%.
Data as of 1 Jul 2026
How this yield compares
About this bond
Spandana Sphoorty Financial Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 12.25%. It pays a coupon of 12.25% and matures on 11 Aug 2026. It is rated BBB+, a moderate credit-safety grade. Jiraaf lists this bond with a minimum investment of ₹1.1L.
Its 12.25% yield is well above the market average, placing it 33rd of the 265 Corporate bonds on RightBonds - firmly in the top tier. That is 1.75 percentage points above the Corporate median of 10.50% - a clear yield premium over the typical peer. Against a tenure-matched SBI fixed deposit (6.25%), it pays roughly 6.00 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its moderate safety (BBB+) rating is the main signal of default risk here. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Spandana Sphoorty Financial (INE572J07786) at 12.25%, Spandana Sphoorty Financial (INE572J07810) at 11.87% and Spandana Sphoorty Financial (INE572J07802) at 11%.
About Spandana Sphoorty Financial
Spandana Sphoorty Financial Limited is a microfinance lender that is currently contracting sharply, and any investor should weigh that before the yield. Consolidated assets under management fell to Rs 4,958 crore by June 2025 from Rs 11,973 crore in March 2024, a decline of roughly 27% in the June quarter alone. The cause is sector-wide as well as company-specific: borrower over-indebtedness, weakened credit discipline and high field-staff attrition hit collections through FY25. Consolidated gross stage 3 assets rose to 5.25% by December 2024 from 1.68% in March 2024, and 0-plus and 30-plus day delinquencies stood at 16.5% and 13.4% respectively in June 2025. ICRA downgraded the company on weaker-than-expected profitability and asset quality. Capitalisation is the offsetting strength, with a capital adequacy ratio of 40.8% and gearing of 2.6 times as of June 2025.