Spandana Sphoorty
How this yield compares
About this bond
Spandana Sphoorty is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 11%. It pays a coupon of 11.5% and matures on 30 Jun 2028, a remaining tenure of about 1.9 yr. It is rated BBB+, a moderate credit-safety grade. WintWealth lists this bond with a minimum investment of ₹90K.
Its 11% yield is well above the market average, ranking 67th of 174 Corporate bonds we list. That edges 0.25 points past the Corporate median of 10.75%. Against a tenure-matched SBI fixed deposit (6.50%), it pays roughly 4.50 points more - a large gap that only makes sense once you are comfortable with the issuer's credit. Its short 1.9 yr horizon locks the rate for only a few years, limiting reinvestment risk. Paired with its moderate safety (BBB+) 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 SPANDANA SPHOORTY (INE572J07810) at 12.7%, Keertana Finserv (INE0NES07303) at 13.9% and Keertana Finserv (INE0NES07329) at 13.55%.
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 11% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.9 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 11.00% | ₹1,22,088 |
| 5% slab | 10.45% | ₹1,20,934 |
| 20% slab | 8.80% | ₹1,17,502 |
| 30% slab | 7.70% | ₹1,15,241 |
At a 11.5% coupon, ₹1,00,000 of face value pays about ₹11,500 of interest a year. That is over the ₹10,000 Section 193 threshold, so roughly ₹1,150 a year is withheld as TDS - adjustable against your final liability, not an extra tax.
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 1.9 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.50%.
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 BBB+ credit risk is the reason for the gap.
When you get paid
Interest lands 4 times a year, in Mar, Jun, Sep, Dec, with about 8 payments still to come before 30 Jun 2028, each at the 11.5% 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 WintWealth before investing.