Hero FinCorp Limited

Hero FinCorp Limited is an Indian company in the BFSI industry (formerly Hero Honda Finlease Limited) with 18 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 7.35% to 9.3% a year. One is a cumulative bond, which pays no periodic coupon; its contractual return is payable at maturity. One has a floating or market-linked coupon. Maturity dates run from 31 Dec 2026 to 7 Jul 2037. NSDL records 11 of the 18 whose terms it holds as secured. Latest credit ratings on record: CRISIL AA+ (action dated 3 Sep 2026); ICRA AA+ (Stable) (action dated 26 Mar 2026). Verify current terms against the official documents linked on this page.

Data as of 13 Nov 2026 (snapshot 20261113-2049) · How this page is compiled

Issuer overview

Legal name
Hero Fincorp Limited
Formerly
Hero Honda Finlease Limited
CIN
U74899DL1991PLC046774
LEI
335800V4STZQVYOMAB47
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
Ownership
Non PSU
ISIN issuer code
INE957N
Outstanding bonds (ISINs)
18
Stated coupons (fixed rate)
7.35% – 9.3%
Maturity dates
31 Dec 2026 – 7 Jul 2037
Secured (NSDL)
11 of 18
Combined issue size of outstanding bonds
₹4,775 crore
Traded on
BSE, NSE

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.

Hero FinCorp bonds: ISIN, coupon and maturity

18 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE957N07807 NCD 8.7% Yearly 31 Dec 2024 31 Dec 2026 ₹1,00,000 450 Secured None recorded NSE CRISIL AA+ 30 Nov 2024
INE957N07823 NCD 8.42% Yearly 2 Jun 2025 2 Jun 2027 ₹1,00,000 150 Secured None recorded NSE CRISIL AA+ 24 Mar 2025
INE957N07856 NCD 7.8% Yearly 4 Dec 2025 2 Jun 2027 ₹1,00,000 400 Secured None recorded NSE CRISIL AA+ 24 Mar 2025
INE957N07849 NCD 7.99% Yearly 6 Aug 2025 6 Aug 2027 ₹1,00,000 250 Secured None recorded NSE CRISIL AA+ 24 Mar 2025
INE957N07815 NCD 8.7% Yearly 31 Dec 2024 31 Dec 2027 ₹1,00,000 200 Secured None recorded NSE CRISIL AA+ 30 Nov 2024
INE957N07872 NCD 8.75% Yearly 29 May 2026 26 May 2028 ₹1,00,000 300 Secured None recorded NSE CRISIL AA+ 20 Apr 2026
INE957N07880 NCD Cumulative At maturity 30 Jun 2026 30 Jun 2028 ₹1,00,000 200 Secured None recorded NSE CRISIL AA+ 20 Apr 2026
INE957N07898 NCD 8.4% Yearly 31 Jul 2026 31 Jul 2028 ₹1,00,000 500 Secured None recorded NSE CRISIL AA+ 20 Apr 2026
INE957N07906 NCD Floating / market-linked Yearly 15 Sep 2026 15 Sep 2028 ₹1,00,000 500 Secured None recorded NSE CRISIL AA+ 3 Sep 2026
INE957N08151 Subordinated NCD (Tier II) 9.2% Yearly 27 Sep 2024 27 May 2030 ₹1,00,000 200 Unsecured None recorded BSE, NSE CRISIL AA+ 26 Jul 2024
INE957N07591 NCD 7.35% Yearly 7 May 2021 7 May 2031 ₹10,00,000 225 Secured None recorded BSE CRISIL AA+ 28 Apr 2021
INE957N07864 NCD 8.09% Yearly 16 Mar 2026 16 Mar 2033 ₹1,00,000 200 Secured None recorded NSE CRISIL AA+ 23 Jan 2026
INE957N08110 Subordinated NCD (Tier II) 9% Yearly 5 Jan 2024 5 Jan 2034 ₹1,00,000 150 Unsecured None recorded NSE CRISIL AA+ 26 Dec 2023
INE957N08185 Subordinated NCD (Tier II) 9.3% Yearly 31 Dec 2024 31 Dec 2034 ₹1,00,000 150 Unsecured None recorded NSE CRISIL AA+ 30 Nov 2024
INE957N08193 Subordinated NCD (Tier II) 9.1% Yearly 2 Jun 2025 4 Jun 2035 ₹1,00,000 200 Unsecured None recorded NSE ICRA AA+ 26 Mar 2026
INE957N08201 Subordinated NCD (Tier II) 9.1% Yearly 20 Nov 2025 18 Jan 2036 ₹1,00,000 400 Unsecured None recorded BSE, NSE CRISIL AA+ 24 Mar 2025
INE957N08219 NCD 9.1% Yearly 6 Mar 2026 19 Jan 2037 ₹1,00,000 100 Unsecured None recorded NSE CRISIL AA+ 23 Jan 2026
INE957N08227 NCD 9.25% Yearly 14 Oct 2026 7 Jul 2037 ₹1,00,000 200 Unsecured None recorded BSE, NSE CRISIL AA+ 20 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.
  • Cumulative bonds pay no periodic coupon; the contractual return is payable at maturity. The amount shown is that return per unit of face value, and the yearly rate is worked out from it and the allotment and maturity dates.
  • "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 · Cumulative NCD · Floating rate bond · Credit rating.

Hero FinCorp credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
CRISIL AA+ — — 3 Sep 2026 17 Not verified by NSDL on some bonds · Checked 13 Nov 2026
ICRA AA+ Stable Reaffirm 26 Mar 2026 18 Verified by NSDL · Checked 13 Nov 2026
Rating history
Date Agency Rating Outlook Action
3 Sep 2026 CRISIL AA+ — —
20 Apr 2026 CRISIL AA+ Stable New
26 Mar 2026 ICRA AA+ Stable Reaffirm
23 Jan 2026 CRISIL AA+ Stable New
27 Mar 2025 ICRA AA+ Stable Reaffirm
24 Mar 2025 CRISIL AA+ Stable New
20 Dec 2024 ICRA AA+ Stable Reaffirm
30 Nov 2024 CRISIL AA+ Stable New
26 Jul 2024 CRISIL AA+ Stable New
27 Dec 2023 ICRA AA+ Stable New
26 Dec 2023 CRISIL AA+ Stable New
15 Sep 2023 ICRA AA+ Stable Reaffirm
16 Sep 2022 ICRA AA+ Stable New
28 Apr 2021 ICRA AA+ Stable —
28 Apr 2021 CRISIL 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: CRISIL, ICRA

Hero FinCorp bonds: questions and answers

What bonds has Hero FinCorp Limited issued?

Hero FinCorp Limited has 18 outstanding bonds recorded on this page. By type, as described by NSDL: 13 NCDs, 5 subordinated NCD (tier ii).

What are the ISINs of Hero FinCorp Limited bonds?

Its 18 outstanding bonds each have their own ISIN, for example INE957N07807, INE957N07823, INE957N07856. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE957N.

What coupon rates do Hero FinCorp Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 7.35% to 9.3% a year on face value. One cumulative bond pays no periodic coupon; its contractual return is payable at maturity. One bond has a floating or market-linked coupon. 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 Hero FinCorp Limited bonds mature?

Its outstanding bonds have maturity dates from 31 Dec 2026 to 7 Jul 2037. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Hero FinCorp Limited bonds?

NSDL India Bond Info records CRISIL AA+ (action dated 3 Sep 2026); ICRA AA+ (Stable) (action dated 26 Mar 2026) on its outstanding bonds. Checked on NSDL on 13 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Hero FinCorp Limited bonds secured, unsecured or guaranteed?

NSDL records 11 of the 18 outstanding bonds whose terms it holds as secured and 7 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 Hero FinCorp Limited the same company as Hero Honda Finlease Limited?

Yes. Hero FinCorp Limited was formerly known as Hero Honda Finlease Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U74899DL1991PLC046774.

Where can investors find the original disclosure documents for Hero FinCorp Limited 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.

How can investors check the current market price or yield of Hero FinCorp Limited 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.

What is a cumulative bond?

A cumulative bond pays no periodic coupon. The contractual return builds up over its life and is payable with the face value at maturity, so this page shows the amount payable at maturity and the yearly rate it works out to, instead of a yearly coupon.

Sources and dates

Data as of 13 Nov 2026 (snapshot 20261113-2049). Facts on this page last changed on 4 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 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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