D-rated corporate bonds in India
D means the agency records the instrument as already in default: interest or principal was not paid when due. Recovery, if any, depends on resolution or restructuring outcomes. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment. Our directory lists 115 D-rated bonds from 35 issuers, with indicative yields from 0.10% to 21.94% (median 9.56%).
- D-rated bonds
- 115
- Issuers
- 35
- Median indicative yield
- 9.56%
Largest D-rated issues
The 20 biggest D-rated bonds by issue size (a proxy for size and liquidity). Yields are indicative, computed from disclosed terms at face value.
| Issuer | Coupon | Indicative yield | Maturity | Issue size |
|---|---|---|---|---|
| YBYes Bank LimitedDINE528G08352 | 9.50% | Not quoted | 31 Dec 9999 | ₹3600 crore |
| YBYes Bank LimitedDINE528G08394 | 9.00% | Not quoted | 31 Dec 9999 | ₹3000 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07812 | 9.51% | 9.74% | 20 Jul 2026 | ₹859.17 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07820 | 9.51% | 9.85% | 20 Oct 2026 | ₹859.17 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07838 | 9.51% | 9.85% | 20 Jan 2027 | ₹859.17 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07846 | 9.51% | 9.85% | 20 Jul 2027 | ₹859.17 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07853 | 9.51% | 9.86% | 20 Jan 2028 | ₹859.17 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07861 | 9.51% | 9.86% | 20 Jul 2028 | ₹859.17 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07879 | 9.51% | 9.86% | 20 Jan 2029 | ₹859.17 crore |
| IFIL&FS Financial Services LimitedDINE121H08131 | 8.68% | 8.45% | 6 Dec 2026 | ₹750 crore |
| VKVr Konkan Private LimitedDINE0BBX08013 | – | Not quoted | 20 Nov 2044 | ₹651 crore |
| IBInbrew Beverages Private LimitedDINE696R07059 | 13.25% | 14.08% | 25 Sept 2026 | ₹542.5 crore |
| RCReliance Commercial Finance LimitedDINE126D07073 | 9.23% | 9.16% | 13 Oct 2027 | ₹500 crore |
| ILInfrastructure Leasing & Financial Services LtdDINE871D07RL8 | 9.00% | 8.97% | 15 May 2028 | ₹500 crore |
| ITIL&FS Transportation Networks LimitedDINE975G08231 | 9.33% | 9.66% | 31 Mar 2027 | ₹450 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07028 | 9.31% | 9.64% | 20 Jul 2027 | ₹390.83 crore |
| SSShree Siddhivinayak Realhomes Private LimitedDINE301V07041 | 16.00% | 16.96% | 31 Dec 2026 | ₹325 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07390 | 9.51% | 9.74% | 20 Jul 2026 | ₹320.83 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07408 | 9.51% | 9.85% | 20 Oct 2026 | ₹320.83 crore |
| JRJharkhand Road Projects Implementation Co.ltdDINE746N07416 | 9.51% | 9.85% | 20 Jan 2027 | ₹320.83 crore |
- YBYes Bank LimitedDINE528G08352Not quotedSee bond page
- Coupon
- 9.50%
- Maturity
- 31 Dec 9999
- Issue size
- ₹3600 crore
Taxable→ - YBYes Bank LimitedDINE528G08394Not quotedSee bond page
- Coupon
- 9.00%
- Maturity
- 31 Dec 9999
- Issue size
- ₹3000 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N078129.74%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Jul 2026
- Issue size
- ₹859.17 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N078209.85%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Oct 2026
- Issue size
- ₹859.17 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N078389.85%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Jan 2027
- Issue size
- ₹859.17 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N078469.85%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Jul 2027
- Issue size
- ₹859.17 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N078539.86%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Jan 2028
- Issue size
- ₹859.17 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N078619.86%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Jul 2028
- Issue size
- ₹859.17 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N078799.86%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Jan 2029
- Issue size
- ₹859.17 crore
Taxable→ - IFIL&FS Financial Services LimitedDINE121H081318.45%Indicative yield
- Coupon
- 8.68%
- Maturity
- 6 Dec 2026
- Issue size
- ₹750 crore
Taxable→ - VKVr Konkan Private LimitedDINE0BBX08013Not quotedSee bond page
- Coupon
- –
- Maturity
- 20 Nov 2044
- Issue size
- ₹651 crore
Taxable→ - IBInbrew Beverages Private LimitedDINE696R0705914.08%Indicative yield
- Coupon
- 13.25%
- Maturity
- 25 Sept 2026
- Issue size
- ₹542.5 crore
Taxable→ - RCReliance Commercial Finance LimitedDINE126D070739.16%Indicative yield
- Coupon
- 9.23%
- Maturity
- 13 Oct 2027
- Issue size
- ₹500 crore
Taxable→ - ILInfrastructure Leasing & Financial Services LtdDINE871D07RL88.97%Indicative yield
- Coupon
- 9.00%
- Maturity
- 15 May 2028
- Issue size
- ₹500 crore
Taxable→ - ITIL&FS Transportation Networks LimitedDINE975G082319.66%Indicative yield
- Coupon
- 9.33%
- Maturity
- 31 Mar 2027
- Issue size
- ₹450 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N070289.64%Indicative yield
- Coupon
- 9.31%
- Maturity
- 20 Jul 2027
- Issue size
- ₹390.83 crore
Taxable→ - SSShree Siddhivinayak Realhomes Private LimitedDINE301V0704116.96%Indicative yield
- Coupon
- 16.00%
- Maturity
- 31 Dec 2026
- Issue size
- ₹325 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N073909.74%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Jul 2026
- Issue size
- ₹320.83 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N074089.85%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Oct 2026
- Issue size
- ₹320.83 crore
Taxable→ - JRJharkhand Road Projects Implementation Co.ltdDINE746N074169.85%Indicative yield
- Coupon
- 9.51%
- Maturity
- 20 Jan 2027
- Issue size
- ₹320.83 crore
Taxable→
Showing the 20 largest of 115 D-rated bonds. Browse the full directory →
Frequently asked questions
What does the D grade mean?
D means the agency records the instrument as already in default: interest or principal was not paid when due. Recovery, if any, depends on resolution or restructuring outcomes. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.
How many D-rated corporate bonds are there in India?
Our directory lists 115 D-rated bonds from 35 issuers, based on depository disclosures. This covers the broader rated market, not only the best-issuer set the directory browses by default.
What yields do D-rated bonds offer?
Indicative yields can be computed for 93 of these bonds; they range from 0.10% to 21.94% with a median of 9.56%. These are computed from each bond's disclosed terms at face value (actual traded prices, and therefore actual yields, differ).
Who issues D-rated bonds?
The most frequent D-rated issuers in our data are Jharkhand Road Projects Implementation Co.ltd, IL&FS Financial Services Limited, Infrastructure Leasing & Financial Services Ltd, IL&FS Transportation Networks Limited. The list below ranks the largest individual issues by issue size.
How fresh is this data?
Everything on this page derives from depository disclosures and the most conservative current agency grade for each bond. Figures update when the dataset refreshes, no number here is estimated or filled in.