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Power Finance Corporation 8.46% Aug 2028 NCD

AAA Secured NCD

Power Finance Corporation Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
5.40%
Market YTM
Coupon Rate
8.46%
Per annum
Maturity Date
30 Aug 2028
2.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
5.40%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+50 bps
vs 2.0Y G-Sec at 4.90%
Below the median spread for similar-tenor peers
Tenure
2.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-29 2026-08-27
Cashflow Timeline
30 Aug 2026
Interest Payment
₹84,600.00 / Bond
30 Aug 2027
Interest Payment
₹84,600.00 / Bond
30 Aug 2028
Principal Payment
₹1,000,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Reaffirmed: AAA by CRISIL on 2026-08-05 Rating action: by CRISIL on 2026-07-06 Issued 2013-08-30 Matures 2028-08-30

2 rating actions on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
8.46%
YTM (Annual)
5.40%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.0 Years
Advanced metrics
Modified Duration
1.69 Yrs
Macaulay Duration
1.78 Yrs
Issue Size
₹1,011 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
1.69 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-27
BSE
Trades (30 Days)
6
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 6 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.54 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2013-08-30
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

PFC-8.46%-30-8-28-PVT is a secured, rated, redeemable ncd issued by Power Finance Corporation Limited. The bond offers a fixed coupon of 8.46% p.a. with annual interest payments and repays principal on maturity.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-08-05 CRISIL Reaffirm AAA Stable View →
2026-07-06 CRISIL Other View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 105.6700 5.4000 4
2026-08-13 106.1100 5.2300 1
2026-08-11 104.3000 6.1500 1
2026-08-10 104.3000 6.1500 1
2026-08-03 107.1600 4.7500 1
2026-07-31 106.6300 5.0000 1
2026-07-24 104.3000 6.1900 1
2026-07-23 104.3000 6.2000 1
2026-07-21 104.3000 6.2000 1
2026-06-29 105.9612 5.4500 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2014-07-31
Rating Actions History 2 2026-08-05
Secondary-Market Trades 10 BSE 2026-08-27
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
8 Aug 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions
What is the coupon rate on Power Finance Corporation 8.46% Aug 2028 NCD?

Power Finance Corporation 8.46% Aug 2028 NCD carries a coupon of 8.46%, paid annual, on a face value of ₹1,000,000.

When does Power Finance Corporation 8.46% Aug 2028 NCD mature?

Power Finance Corporation 8.46% Aug 2028 NCD matures on 2028-08-30, 2.0 years from today.

What is Power Finance Corporation 8.46% Aug 2028 NCD rated?

Power Finance Corporation 8.46% Aug 2028 NCD is rated AAA by CRISIL and AAA by CARE. As of 2014-07-31.

Is Power Finance Corporation 8.46% Aug 2028 NCD secured?

Power Finance Corporation 8.46% Aug 2028 NCD is a secured bond.

Where does Power Finance Corporation 8.46% Aug 2028 NCD trade?

Power Finance Corporation 8.46% Aug 2028 NCD is listed on BSE.

What yield does Power Finance Corporation 8.46% Aug 2028 NCD currently offer?

The last recorded trade on 2026-08-27 priced Power Finance Corporation 8.46% Aug 2028 NCD at ₹105.67, implying a yield to maturity of 5.40%.

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