Greater Hyderabad Municipal Corporation

Greater Hyderabad Municipal Corporation is an Indian bond issuer (formerly Municipal Corporation of Hyderabad) with 3 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 8.9% to 10.23% a year. Maturity dates run from 16 Feb 2028 to 21 Aug 2029. NSDL records 0 of the 3 whose terms it holds as secured. Latest credit ratings on record: CARE AA- (No Outlook) (action dated 5 May 2026); India Ratings AA (No Outlook) (action dated 24 Apr 2026). Verify current terms against the official documents linked on this page.

Data as of 5 Nov 2026 (snapshot 20261105-2032) · How this page is compiled

Issuer overview

Legal name
Greater Hyderabad Municipal Corporation
Formerly
Municipal Corporation of Hyderabad
Business
Utilities
Ownership
Public Sector Undertaking (PSU)
ISIN issuer code
INE477Z
Outstanding bonds (ISINs)
3
Stated coupons (fixed rate)
8.9% – 10.23%
Maturity dates
16 Feb 2028 – 21 Aug 2029
Secured (NSDL)
0 of 3
Combined issue size of outstanding bonds
₹495 crore

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Greater Hyderabad Municipal Corporation bonds: ISIN, coupon and maturity

3 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Rating (NSDL)
INE477Z08014 Bond (NCD) 8.9% Half-yearly 16 Feb 2018 16 Feb 2028 ₹10,00,000 200 Unsecured None recorded India Ratings AA 24 Apr 2026
INE477Z08022 Bond (NCD) 9.38% Half-yearly 14 Aug 2018 14 Aug 2028 ₹10,00,000 195 Unsecured None recorded India Ratings AA 24 Apr 2026
INE477Z24011 Bond (NCD) 10.23% Half-yearly 21 Aug 2019 21 Aug 2029 ₹10,00,000 100 Unsecured None recorded India Ratings AA 24 Apr 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Greater Hyderabad Municipal Corporation credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
CARE AA- No Outlook Reaffirm 5 May 2026 3 Checked 5 Nov 2026
India Ratings AA No Outlook Reaffirm 24 Apr 2026 3 Verified by NSDL · Checked 5 Nov 2026
Rating history
Date Agency Rating Outlook Action
5 May 2026 CARE AA- No Outlook Reaffirm
24 Apr 2026 India Ratings AA No Outlook Reaffirm
23 Dec 2025 CARE AA- Stable Reaffirm
27 Jun 2025 India Ratings AA Stable Reaffirm
24 Dec 2024 CARE AA- Stable Reaffirm
28 Jun 2024 India Ratings AA Stable Reaffirm
26 Dec 2023 CARE AA- Stable Reaffirm
30 Jun 2023 India Ratings AA Stable Reaffirm
27 Dec 2022 CARE AA- Stable Downgrade
1 Dec 2022 India Ratings AA Stable Reaffirm
27 Sep 2022 India Ratings AA Stable Reaffirm
28 Sep 2021 India Ratings AA Stable —
3 Jan 2020 CARE AA Stable —
29 Aug 2019 CARE AA Stable —
26 Aug 2019 India Ratings AA Stable —

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CARE, India Ratings

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
21 Aug 2019 INE477Z24011 21 Aug 2029 Placement memorandum on BSE
14 Aug 2018 INE477Z08022 14 Aug 2028 Placement memorandum on BSE
16 Feb 2018 INE477Z08014 16 Feb 2028 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Greater Hyderabad Municipal Corporation bonds: questions and answers

What bonds has Greater Hyderabad Municipal Corporation issued?

Greater Hyderabad Municipal Corporation has 3 outstanding bonds recorded on this page. By type, as described by NSDL: 3 bond (ncd).

What are the ISINs of Greater Hyderabad Municipal Corporation bonds?

Its 3 outstanding bonds each have their own ISIN, for example INE477Z08014, INE477Z08022, INE477Z24011. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE477Z.

What coupon rates do Greater Hyderabad Municipal Corporation bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 8.9% to 10.23% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Greater Hyderabad Municipal Corporation bonds mature?

Its outstanding bonds have maturity dates from 16 Feb 2028 to 21 Aug 2029. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Greater Hyderabad Municipal Corporation bonds?

NSDL India Bond Info records CARE AA- (No Outlook) (action dated 5 May 2026); India Ratings AA (No Outlook) (action dated 24 Apr 2026) on its outstanding bonds. Checked on NSDL on 5 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Greater Hyderabad Municipal Corporation bonds secured, unsecured or guaranteed?

NSDL records 0 of the 3 outstanding bonds whose terms it holds as secured and 3 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Greater Hyderabad Municipal Corporation the same company as Municipal Corporation of Hyderabad?

Yes. Greater Hyderabad Municipal Corporation was formerly known as Municipal Corporation of Hyderabad; bonds issued under the earlier name are obligations of the same company.

Where can investors find the original disclosure documents for Greater Hyderabad Municipal Corporation bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Greater Hyderabad Municipal Corporation bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 5 Nov 2026 (snapshot 20261105-2032). Facts on this page last changed on 3 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation
Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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