Hyderabad Metropolitan Development Authority

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Returns

Min. Investment

₹ 1,06,230.66

Remaining Tenure

11Y 7M 27Days

Payment Terms

Quarterly

Highlights

Credit Rating

ACUITE AA+

Seniority

SENIOR

Security

Secured

Default History

Zero

Issue Size

₹380.9 Cr

Security Cover

1.25x

Strategic Importance to GoT: HMDA plays a critical role in Telangana’s urban development and economic growth through infrastructure development, planned urbanisation and significant non-tax revenue generation for the state government.

Strong Debt Servicing Coverage: Average DSCR of 3.25x is projected throughout the bond tenure, indicating a comfortable debt-servicing capacity.

Extensive Regional Presence: Established in 2008 as the successor to HUDA (established in 1975), HMDA oversees integrated planning and development across 7,257 sq. km., covering seven districts, 70 mandals and 1,032 villages.

Company Financials

Revenue

Important disclaimer

About Issuer

Hyderabad Urban Development Authority (HUDA), established in 1975, and has a CRISIL AA+ credit rating. HMDA is responsible for the planned and orderly development of the Hyderabad Metropolitan Region.

HMDA oversees an extensive geographical area of 7,257 sq. km., spanning seven districts and 70 mandals, covering 1,032 villages and multiple urban local bodies within its jurisdiction. Its key functions include integrated urban planning, infrastructure development, and promoting sustainable growth across the metropolitan region.

The authority is associated with key members including Mr. Anumula Revanth Reddy, Ms. Gadwal Vijayalakshmi, and Mr. K. Ramakrishna Rao.

Total Annual Revenue

784 Cr (FY-26)

Year of Inception

2008

Industry

Infrastructure Trust

Head Office

Hyderabad

Type of Issuer

State Govt

Current MD/CEO

Mr. Sarfaraz Ahmad

Credit Rating / Outlook

AA+

ACUITE

Rating Rationale

Rating Date: 28-Aug-2026

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very low credit risk.

Other Important Details & Disclosures

Issuer Name

Hyderabad Metropolitan Development Authority

Security Name

8.5% Hyderabad Metropolitan Development Authority Secured Rated Listed NCD Maturity 12-Jun-2038

ISIN

Copy

INE2T2Q07238

Face Value

₹ 1,00,000

Issued FV

₹ 1,00,000

Coupon Rate

8.5%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

12-Jun-2038

Clean Price

₹ 105.39

Dirty Price

₹ 106.23

Current Yield

8.0651%

Yield to Maturity

Mode of Issue

Private Placement

Date of Issue

1-Jun-2026

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Beacon Trusteeship Limited

5W, 5th Floor, The Metropolitan, Bandra Kurla Complex, Bandra (East), Mumbai ? 400 051

Registrar Details

Beacon Investor Holdings Private Limited

F 1017,1st floor, Akshar Business Park, Plot No.3, Sector 25, Vashi, Navi Mumbai - 400 703

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 121 to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: Beacon Investor Holdings Private Limited F 1017,1st floor, Akshar Business Park, Plot No.3, Sector 25, Vashi, Navi Mumbai - 400 703

Unit

Investment Amount

₹ 1,06,230.66

Total Returns

₹ 90,442.29

Total Receivable

₹ 1,96,672.95

Cashflow Timeline

Similar Bonds

FAQs about Hyderabad Metropolitan bonds

How to buy this Hyderabad Metropolitan bond online?

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What is the yield of this Hyderabad Metropolitan bond?

8% is the current yield of this Hyderabad Metropolitan bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this Hyderabad Metropolitan bond is 8%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this Hyderabad Metropolitan bond?

To redeem this Hyderabad Metropolitan bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this Hyderabad Metropolitan bond is generally simple and straightforward. Contact our support team for more information.

Is this Hyderabad Metropolitan bond tax-free?

No, this Hyderabad Metropolitan bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this Hyderabad Metropolitan bond before the maturity date?

Yes, it is possible to sell this Hyderabad Metropolitan bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Risk Disclosure & Regulatory Information

Fixed returns do not mean guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities, and securitised debt instruments carry credit risk, market risk, and default risk, including delay or default in payment. Please read all offer-related documents carefully before you invest.

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SEBI Registration No.: INZ000310732 | BSE Member ID: 6809 | NSE Member ID: 90331

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Abhijit Roy - Designated Director & CEO, Samir Baran Pratihar - Designated Director & CTO
Tel. No.: 080-45685666 | Email: contact-us@goldenpi.com

Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2026

₹ 2,119.18

₹ 1,907.26

15 Dec

Interest

₹ 2,119.18

Interest

₹ 1,907.26

2027

₹ 8,482.5

₹ 7,634.25

2028

₹ 8,517.5

₹ 7,665.75

2029

₹ 8,476.71

₹ 7,629.04

2030

₹ 8,476.71

₹ 7,629.04

2031

₹ 8,529.01

₹ 7,676.11

2032

₹ 8,517.5

₹ 7,665.75

2033

₹ 8,500

₹ 7,650

2034

₹ 8,500

₹ 7,650

2035

₹ 8,459.28

₹ 7,613.35

2036

₹ 8,540.79

₹ 7,686.71

2037

₹ 57,970.21

₹ 57,173.18

2038

₹ 51,583.56

₹ 51,425.21

* The interest amount is paid as per total invested face value (₹ 100000) and annual coupon rate of 8.5%. When the bond enters the staggered maturity cycle, it will be calculated based on the outstanding face value.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.