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Power Finance Corporation 7.15% Jan 2036 NCD

AAA Secured NCD

Power Finance Corporation Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2036

Current YTM
7.82%
Market YTM
Coupon Rate
7.15%
Per annum
Maturity Date
22 Jan 2036
9.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
7.82%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+100 bps
vs 9.4Y G-Sec at 6.82%
Below the median spread for similar-tenor peers
Tenure
9.4 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-29 2026-08-26
Cashflow Timeline
22 Jan 2027
Interest Payment
₹71.50 / Bond
22 Jan 2028
Interest Payment
₹71.50 / Bond
22 Jan 2029
Interest Payment
₹71.50 / Bond
22 Jan 2030
Interest Payment
₹71.50 / Bond
22 Jan 2031
Interest Payment
₹71.50 / Bond
22 Jan 2032
Interest Payment
₹71.50 / Bond
22 Jan 2033
Interest Payment
₹71.50 / Bond
22 Jan 2034
Interest Payment
₹71.50 / Bond
22 Jan 2036
Principal Payment
₹1,000.00 / Bond

Next 8 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 2021-01-22 Matures 2036-01-22

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

Key Metrics
Coupon Rate
7.15%
YTM (Annual)
7.82%
Credit Rating
AAA
(CARE)
Remaining Tenure
9.4 Years
Advanced metrics
Modified Duration
6.31 Yrs
Macaulay Duration
6.81 Yrs
Issue Size
₹1,330 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
6.31 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE OTC (WAP)
Trades (30 Days)
14
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 14 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.85 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2021-01-22
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Power Finance Corporation Limited issued this secured, rated, ncd (7.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. TRANCHE I.SERIES VII CATEGORY III & IV. DATE OF MATURITY 22/01/2036) carrying a 7.15% 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
2026-08-26 95.5500 7.8206 478
2026-08-25 95.5500 7.8206 846
2026-08-21 97.0824 7.5800 None
2026-08-04 97.4500 7.5300 3737
2026-07-29 99.3700 7.2303 200
2026-07-20 98.9297 7.3025 2
2026-07-17 99.3700 7.3884 1
2026-06-30 99.6700 7.1854 None
2026-06-29 98.5341 7.3553 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2021-01-07
Rating Actions History 2 2026-08-05
Secondary-Market Trades 9 NSE OTC (WAP) 2026-08-26
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 7.15% Jan 2036 NCD?

Power Finance Corporation 7.15% Jan 2036 NCD carries a coupon of 7.15%, paid annual, on a face value of ₹1,000.

When does Power Finance Corporation 7.15% Jan 2036 NCD mature?

Power Finance Corporation 7.15% Jan 2036 NCD matures on 2036-01-22, 9.4 years from today.

What is Power Finance Corporation 7.15% Jan 2036 NCD rated?

Power Finance Corporation 7.15% Jan 2036 NCD is rated AAA by CARE. As of 2021-01-07.

Is Power Finance Corporation 7.15% Jan 2036 NCD secured?

Power Finance Corporation 7.15% Jan 2036 NCD is a secured bond.

What yield does Power Finance Corporation 7.15% Jan 2036 NCD currently offer?

The last recorded trade on 2026-08-26 priced Power Finance Corporation 7.15% Jan 2036 NCD at ₹95.55, implying a yield to maturity of 7.82%.

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