P

Power Finance Corporation 8.54% Nov 2028 NCD

AAA Secured NCD

Power Finance Corporation Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
5.38%
Market YTM
Coupon Rate
8.54%
Per annum
Maturity Date
16 Nov 2028
2.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
5.38%
Live, last traded 2026-08-11
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+84 bps
vs 2.2Y G-Sec at 4.54%
Below the median spread for similar-tenor peers
Tenure
2.2 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-03 2026-08-11
Cashflow Timeline
16 Nov 2026
Interest Payment
₹85.40 / Bond
16 Nov 2027
Interest Payment
₹85.40 / Bond
16 Nov 2028
Principal Payment
₹1,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000 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 2013-11-16 Matures 2028-11-16

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

Key Metrics
Coupon Rate
8.54%
YTM (Annual)
5.38%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.2 Years
Advanced metrics
Modified Duration
1.89 Yrs
Macaulay Duration
1.99 Yrs
Issue Size
₹933 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
1.89 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-11
BSE
Trades (30 Days)
7
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 7 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.46 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2013-11-16
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Power Finance Corporation Limited issued this secured, rated, ncd (8.54% SECURED TAX FREE REDEEMEBLE NON CONVERTIBLE BONDS. SERIES 2A. LETTER OF ALLOTMENT. DATE OF MATURITY: 16/11/2028) carrying a 8.54% p.a. coupon, paid annual. It 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
2026-08-11 106.5200 5.3800 1
2026-08-03 107.2800 5.0600 1
2026-07-30 107.0000 5.2500 3
2026-07-29 106.8600 5.2800 4
2026-07-28 107.0200 5.2500 1
2026-07-27 106.8900 5.2700 4
2026-07-24 106.7200 5.3500 4
2026-07-08 107.1600 5.2100 2
2026-07-06 107.1900 5.2000 2
2026-07-03 107.6200 5.0200 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2013-12-01
Rating Actions History 2 2026-08-05
Secondary-Market Trades 10 BSE 2026-08-11
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 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 8.54% Nov 2028 NCD?

Power Finance Corporation 8.54% Nov 2028 NCD carries a coupon of 8.54%, paid annual, on a face value of ₹1,000.

When does Power Finance Corporation 8.54% Nov 2028 NCD mature?

Power Finance Corporation 8.54% Nov 2028 NCD matures on 2028-11-16, 2.2 years from today.

What is Power Finance Corporation 8.54% Nov 2028 NCD rated?

Power Finance Corporation 8.54% Nov 2028 NCD is rated AAA by CRISIL. As of 2013-12-01.

Is Power Finance Corporation 8.54% Nov 2028 NCD secured?

Power Finance Corporation 8.54% Nov 2028 NCD is a secured bond.

What yield does Power Finance Corporation 8.54% Nov 2028 NCD currently offer?

The last recorded trade on 2026-08-11 priced Power Finance Corporation 8.54% Nov 2028 NCD at ₹106.52, implying a yield to maturity of 5.38%.

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