Surat Municipal Corporation is an Indian company in the government undertaking industry with 2 outstanding bonds (ISINs) recorded on this page. Its fixed-rate bonds carry a stated coupon of 8% a year. Maturity dates run from 13 Oct 2029 to 13 Oct 2030. NSDL records all 2 whose terms it holds as secured. Latest credit ratings on record: India Ratings AA+ (Stable) (action dated 9 Jan 2026); CRISIL AA+ (Stable) (action dated 18 Nov 2025). 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
- Surat Municipal Corporation
- LEI
- 984500PJC0AB50D5E568
- Industry
- Government Undertaking
- Business
- Multi Utilities
- Ownership
- Public Sector Undertaking (PSU)
- ISIN issuer code
- INE05NX
- Outstanding bonds (ISINs)
- 2 (plus 1 matured)
- Stated coupons (fixed rate)
- 8%
- Maturity dates
- 13 Oct 2029 – 13 Oct 2030
- Secured (NSDL)
- 2 of 2
- Combined issue size of outstanding bonds
- ₹200 crore
- Traded on
- 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.
Surat Municipal Corporation bonds: ISIN, coupon and maturity
2 outstanding bonds, by maturity date.
| ISIN | Type | Coupon | Interest paid | Allotted | Maturity | Face value | Issue size (₹ cr) | Security | Guarantee | Traded on | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INE05NX24023 | Bond (NCD) | 8% | Yearly | 13 Oct 2025 | 13 Oct 2029 | ₹500 | 100 | Secured | None recorded | NSE | CRISIL AA+ 18 Nov 2025 |
| INE05NX24031 | Bond (NCD) | 8% | Yearly | 13 Oct 2025 | 13 Oct 2030 | ₹500 | 100 | Secured | None recorded | NSE | CRISIL AA+ 18 Nov 2025 |
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.
Public NCD issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| Surat Municipal Corporation | 6 Oct 2025 | 8% | 4 years–5 years | IND AA+, CRISIL AA+ | ₹200 crore |
Private placements and disclosure documents
| Allotted | ISIN | Redemption | Disclosure documents |
|---|---|---|---|
| 1 Mar 2019 | INE05NX24015 | 1 Mar 2024 | 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.
Surat Municipal Corporation bonds: questions and answers
What bonds has Surat Municipal Corporation issued?
Surat Municipal Corporation has 2 outstanding bonds recorded on this page. By type, as described by NSDL: 2 bond (ncd). One further ISIN on record has passed its maturity date and is not counted as outstanding.
What are the ISINs of Surat Municipal Corporation bonds?
Its 2 outstanding bonds each have their own ISIN, for example INE05NX24023, INE05NX24031. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE05NX.
What coupon rates do Surat Municipal Corporation bonds pay?
Its fixed-rate outstanding bonds carry a stated coupon of 8% 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 Surat Municipal Corporation bonds mature?
Its outstanding bonds have maturity dates from 13 Oct 2029 to 13 Oct 2030. The bond table lists the maturity date of each ISIN.
What is the latest credit rating of Surat Municipal Corporation bonds?
NSDL India Bond Info records India Ratings AA+ (Stable) (action dated 9 Jan 2026); CRISIL AA+ (Stable) (action dated 18 Nov 2025) on its outstanding bonds. Checked on NSDL on 2 Nov 2026. A rating is the agency's opinion and can change at any time.
Are Surat Municipal Corporation bonds secured, unsecured or guaranteed?
NSDL records all 2 outstanding bonds whose terms it holds as secured. 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 Surat 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 Surat Municipal Corporation bonds?
This page does not show prices or yields. Trades in these bonds are reported on 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
- NSDL India Bond Info: bond terms, issuer identity and ratings by ISIN
- BSE and NSE: bonds that have traded, and their exchange listings
- BSE: privately placed debt securities
- Methodology: how these pages are compiled and checked
Data as of 13 Nov 2026 (snapshot 20261113-2049). Facts on this page last changed on 28 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.
