Fixed Alpha
D

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Mahanagar Telephone Nigam Limited

INE153A08089· Listed on BSE

8.51%

Yield

Tenure

3Y 11M 21D

Maturity Date

11 Oct 2030

Coupon Frequency

Semi-Annual

Face Value

₹10,00,000

Nature

Unsecured

Coupon Rate

7.05%

About the Issuer

Mahanagar Telephone Nigam Limited (MTNL) was established by the Government of India on April 1, 1986, to upgrade telecom service quality, expand the network, introduce new services, and meet the telecom development needs of Delhi and Mumbai. MTNL is the principal fixed-line telecom services provider in these two cities and offers mobile services in Delhi (including Noida, Gurgaon, Faridabad, and Ghaziabad) and Mumbai (including areas under the Mumbai, New Mumbai, and Thane Municipal Corporations); the company is listed on both the BSE and NSE.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Apr '21Coupon

₹35,153

Oct '21Coupon

₹35,347

Apr '22Coupon

₹35,153

Oct '22Coupon

₹35,347

Apr '23Coupon

₹35,153

Oct '23Coupon

₹35,347

Apr '24Coupon

₹35,250

Oct '24Coupon

₹35,250

Apr '25Coupon

₹35,153

Oct '25Coupon

₹35,347

Apr '26Coupon

₹35,153

Oct '26Coupon

₹35,347

Apr '27Coupon

₹35,153

Oct '27Coupon

₹35,347

Apr '28Coupon

₹35,250

Oct '28Coupon

₹35,250

Apr '29Coupon

₹35,153

Oct '29Coupon

₹35,347

Apr '30Coupon

₹35,153

Oct '30Coupon+Principal

₹10,35,153

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 19-Oct-2026

How to invest in this bond

Mahanagar Telephone Nigam Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE153A08089If that does not work, try its BSE scrip code:BSE960121
  2. Enter the quantity required.
  3. Enter following Price:₹9,58,759.36This is the Price at which you will earn Fixed Returns (Yield) of 8.51% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.