Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb

Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb is an Indian bond issuer with 7 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 8.66% to 9.4% a year. Maturity dates run from 14 May 2027 to 2 Feb 2028. NSDL records 2 of the 7 whose terms it holds as secured. Latest credit ratings on record: CARE D (No Outlook) (action dated 27 Jan 2026); Brickwork D (No Outlook) (action dated 23 Nov 2023). Verify current terms against the official documents linked on this page.

Data as of 29 Oct 2026 · How this page is compiled

Issuer overview

ISIN issuer code
INE126D
Outstanding bonds (ISINs)
7 (plus 11 matured)
Stated coupons (fixed rate)
8.66% – 9.4%
Maturity dates
14 May 2027 – 2 Feb 2028
Secured (NSDL)
2 of 7
Combined issue size of outstanding bonds
₹164 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.

Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb bonds: ISIN, coupon and maturity

7 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Rating (NSDL)
INE126D07016 NCD 8.66% Half-yearly 15 May 2017 14 May 2027 ₹10,00,000 25.00 Secured None recorded CARE D 27 Jan 2026
INE126D07040 NCD 8.66% Half-yearly 23 May 2017 23 May 2027 ₹10,00,000 10.00 Secured None recorded CARE D 27 Jan 2026
INE126D08014 Subordinated NCD (Tier II) 8.69% Half-yearly 20 Sep 2017 20 Sep 2027 ₹10,00,000 30.00 Unsecured None recorded CARE D 27 Jan 2026
INE126D08022 Subordinated NCD (Tier II) 8.69% Half-yearly 6 Oct 2017 6 Oct 2027 ₹10,00,000 50.00 Unsecured None recorded CARE D 27 Jan 2026
INE126D08048 Subordinated NCD (Tier II) 9.07% Half-yearly 9 Nov 2017 8 Nov 2027 ₹10,00,000 6.00 Unsecured None recorded CARE D 27 Jan 2026
INE126D08055 Subordinated NCD (Tier II) 9.4% Yearly 19 Jan 2018 19 Jan 2028 ₹10,00,000 33.00 Unsecured None recorded CARE D 27 Jan 2026
INE126D08063 Subordinated NCD (Tier II) 9.4% Yearly 2 Feb 2018 2 Feb 2028 ₹10,00,000 10.00 Unsecured None recorded CARE D 27 Jan 2026
  • 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.

Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
CARE D No Outlook Reaffirm 27 Jan 2026 7 Checked 28 Oct 2026
Brickwork D No Outlook Reaffirm 23 Nov 2023 7 Over 15 months old · Checked 28 Oct 2026
Rating history
Date Agency Rating Outlook Action
27 Jan 2026 CARE D No Outlook Reaffirm
28 Jan 2025 CARE D No Outlook Reaffirm
29 Jan 2024 CARE D No Outlook Reaffirm
23 Nov 2023 Brickwork D No Outlook Reaffirm
2 Mar 2023 CARE D No Outlook Reaffirm
7 Mar 2022 CARE D No Outlook Reaffirm
23 Mar 2020 CARE D — —
24 Sep 2019 CARE D — —
24 Sep 2019 CARE D Stable —
18 Sep 2019 Brickwork D — —
29 Apr 2019 Brickwork C — —
26 Apr 2019 CARE D — —
26 Apr 2019 CARE C Stable —
19 Apr 2019 Brickwork A+ — —
18 Apr 2019 CARE BBB+ — —

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, Brickwork

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
6 Nov 2018 INE126D07156 2 Dec 2019 Placement memorandum on BSE
9 Oct 2018 INE126D07156 2 Dec 2019 Placement memorandum on BSE
1 Oct 2018 INE126D07164 28 Feb 2022 Placement memorandum on BSE
28 Sep 2018 INE126D07149 23 Oct 2020 Placement memorandum on BSE
7 Sep 2018 INE126D07156 2 Dec 2018 Placement memorandum on BSE
20 Aug 2018 INE126D07156 2 Dec 2019 Placement memorandum on BSE
30 Jul 2018 INE126D07156 2 Dec 2019 Placement memorandum on BSE
23 Jul 2018 INE126D07149 23 Oct 2020 Placement memorandum on BSE
26 Apr 2018 INE126D07131 28 Mar 2025 Placement memorandum on BSE
5 Apr 2018 INE126D07123 5 Apr 2023 Placement memorandum on BSE
15 Mar 2018 INE126D07115 19 Jun 2019 Placement memorandum on BSE
26 Feb 2018 INE126D07107 19 Apr 2019 Placement memorandum on BSE
2 Feb 2018 INE126D08063 2 Feb 2028 Placement memorandum on BSE
19 Jan 2018 INE126D08055 19 Jan 2028 Placement memorandum on BSE
9 Nov 2017 INE126D08048 8 Nov 2027 Placement memorandum on BSE
9 Nov 2017 INE126D08030 31 Jul 2025 Placement memorandum on BSE
6 Oct 2017 INE126D08022 6 Oct 2027 Placement memorandum on BSE
20 Sep 2017 INE126D08014 20 Sep 2027 Placement memorandum on BSE
21 Aug 2017 INE126D07057 21 Aug 2024 Placement memorandum on BSE
23 May 2017 INE126D07040 23 May 2027 Placement memorandum on BSE
18 May 2017 INE126D07032 17 May 2024 Placement memorandum on BSE
16 May 2017 INE126D07024 16 May 2024 Placement memorandum on BSE
15 May 2017 INE126D07016 14 May 2027 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.

Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb bonds: questions and answers

What bonds has Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb issued?

Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb has 7 outstanding bonds recorded on this page. By type, as described by NSDL: 5 subordinated ncd (tier ii), 2 NCDs. 11 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb bonds?

Its 7 outstanding bonds each have their own ISIN, for example INE126D07016, INE126D07040, INE126D08014. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE126D.

What coupon rates do Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 8.66% to 9.4% 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 Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb bonds mature?

Its outstanding bonds have maturity dates from 14 May 2027 to 2 Feb 2028. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb bonds?

NSDL India Bond Info records CARE D (No Outlook) (action dated 27 Jan 2026); Brickwork D (No Outlook) (action dated 23 Nov 2023) on its outstanding bonds. Checked on NSDL on 28 Oct 2026. A rating is the agency's opinion and can change at any time.

Are Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb bonds secured, unsecured or guaranteed?

NSDL records 2 of the 7 outstanding bonds whose terms it holds as secured and 5 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.

Where can investors find the original disclosure documents for Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb 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 Reliance Commercial Finance LimitedRated Listed Secured Redeemable Principal Protected Non-Convertible Market Linked Deb 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 29 Oct 2026. Facts on this page last changed on 29 Oct 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.

Bond Interpretation
Bond Interpretation
Bond Interpretation is Newsinterpretation's desk for Indian bond issuers. Its issuer profiles are compiled automatically from issuers' own disclosures and public records (NSDL India Bond Info, BSE), with research and editorial review by Riskpro. Profiles are information, not investment advice.

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