P

Power Finance Corporation 9.39% Aug 2029 NCD

AAA Unsecured NCD

Power Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
7.46%
Market YTM
Coupon Rate
9.39%
Per annum
Maturity Date
27 Aug 2029
3.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.46%
Live, last traded 2026-08-12
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+144 bps
vs 3.0Y G-Sec at 6.02%
Below the median spread for similar-tenor peers
Tenure
3.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-22 2026-08-12
Cashflow Timeline
27 Aug 2027
Interest Payment
₹93,900.00 / Bond
27 Aug 2028
Interest Payment
₹93,900.00 / Bond
27 Aug 2029
Principal Payment
₹1,000,000.00 / Bond

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

Payment Disclosures (SEBI Reg52(4)) 1 disclosed
Due DateTypeAmount DueAmount PaidStatusFiling
2026-08-27 Interest ₹431,900,000.00 ₹431,900,000.00 Paid XBRL →
Non-payment reason: NA

Source: NSE Debt Centralised Database (corporate-interest-payment / corporate-redemption-payment), per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ◆ Reg52(4) disclosed ┊ Today
Today Reaffirmed: AAA by CRISIL on 2026-08-05 Rating action: by CRISIL on 2026-07-06 Interest paid (SEBI Reg52(4) disclosure) — due 2026-08-27 Issued 2014-08-27 Matures 2029-08-27

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

1 SEBI Reg52(4) disclosed payment — hover a square/diamond for detail.

Key Metrics
Coupon Rate
9.39%
YTM (Annual)
7.46%
Credit Rating
AAA
(CARE)
Remaining Tenure
3.0 Years
Advanced metrics
Modified Duration
2.56 Yrs
Macaulay Duration
2.75 Yrs
Issue Size
₹460 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
2.56 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-12
BSE
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Unsecured
Callable
Observations
  • This bond is unsecured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.61 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
2014-08-27
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

9.39% UNSECURED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES 118 B (III). DATE OF MATURITY 27/08/2029 is a rated, redeemable ncd issued by Power Finance Corporation Limited. The bond offers a fixed coupon of 9.39% p.a. with annual interest payments and repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

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
2026-08-12 105.0700 7.4600 1
2026-07-30 105.1100 7.4624 None
2026-07-22 104.7546 7.6000 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2014-07-30
Rating Actions History 2 2026-08-05
Secondary-Market Trades 3 BSE 2026-08-12
Reg52(4) Payment Disclosures 1 NSE 2026-08-27
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 9.39% Aug 2029 NCD?

Power Finance Corporation 9.39% Aug 2029 NCD carries a coupon of 9.39%, paid annual, on a face value of ₹1,000,000.

When does Power Finance Corporation 9.39% Aug 2029 NCD mature?

Power Finance Corporation 9.39% Aug 2029 NCD matures on 2029-08-27, 3.0 years from today.

What is Power Finance Corporation 9.39% Aug 2029 NCD rated?

Power Finance Corporation 9.39% Aug 2029 NCD is rated AAA by CARE. As of 2014-07-30.

Is Power Finance Corporation 9.39% Aug 2029 NCD secured?

Power Finance Corporation 9.39% Aug 2029 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can Power Finance Corporation 9.39% Aug 2029 NCD be called or put back early?

Power Finance Corporation 9.39% Aug 2029 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

What yield does Power Finance Corporation 9.39% Aug 2029 NCD currently offer?

The last recorded trade on 2026-08-12 priced Power Finance Corporation 9.39% Aug 2029 NCD at ₹105.07, implying a yield to maturity of 7.46%.

More Bonds from This Issuer
5
Power Finance Corporation 5.00% Aug 2026 NCD
AAA
Coupon
5.00%
Maturity
31 Aug 2026
P
Power Finance Corporation 9.45% Sep 2026 NCD
AAA
Coupon
9.45%
Maturity
01 Sep 2026
7
Power Finance Corporation 7.15% Sep 2026 NCD
AAA
Coupon
7.15%
Maturity
08 Sep 2026
P
Power Finance Corporation 7.70% Sep 2026 NCD
AAA
Coupon
7.70%
Maturity
15 Sep 2026
Compare (/) Compare Bonds

← Back to screener