It has matured, sold out, or been delisted from the platforms we track, last seen on 20 Jul 2026. The details below are kept as a record of the issue. Compare bonds available now →
Kerala Infrastructure Jan ’32
How this yield compares
About this bond
Kerala Infrastructure Jan ’32 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9%. It pays a coupon of 9.3% and matures on 20 Jan 2032, a remaining tenure of about 5.5 yr. It is rated AA, a high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.0L.
Its 9% yield is solid for its risk band, toward the lower end at 135th of 175 Corporate bonds. That trails the Corporate median of 10.75% by 1.75 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 2.45 points for taking on credit risk. Its medium 5.5 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 (INE549K08509) at 10.5%, Muthoot Fincorp (INE549K08590) at 10.5% and Muthoot Fincorp (INE549K08632) at 10.4%.
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 9% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 5.5 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.00% | ₹1,60,241 |
| 5% slab | 8.55% | ₹1,56,654 |
| 20% slab | 7.20% | ₹1,46,287 |
| 30% slab | 6.30% | ₹1,39,692 |
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 5.5 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 Jan, Apr, Jul, Oct, with about 23 payments still to come before 20 Jan 2032, 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.