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Power Finance Corporation 9.10% Mar 2029 NCD

AAA Unsecured NCD

Power Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
7.45%
Market YTM
Coupon Rate
9.10%
Per annum
Maturity Date
23 Mar 2029
2.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.45%
Live, last traded 2026-08-18
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+120 bps
vs 2.6Y G-Sec at 6.25%
Below the median spread for similar-tenor peers
Tenure
2.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-03 2026-08-18
Cashflow Timeline
25 Mar 2027
Interest Payment
₹91,000.00 / Bond
25 Mar 2028
Interest Payment
₹91,000.00 / Bond
23 Mar 2029
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 2019-03-25 Matures 2029-03-23

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

Key Metrics
Coupon Rate
9.10%
YTM (Annual)
7.45%
Credit Rating
AAA
(CARE)
Remaining Tenure
2.6 Years
Advanced metrics
Modified Duration
2.17 Yrs
Macaulay Duration
2.33 Yrs
Issue Size
₹2,412 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
2.17 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-18
NSE OTC (WAP)
Trades (30 Days)
5
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 5 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.90 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
2019-03-25
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Power Finance Corporation Limited issued this rated, ncd (PFC-9.1%-23-3-29-PVT) carrying a 9.10% 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
2026-08-18 103.7000 7.4470 None
2026-08-17 103.4400 7.5500 1
2026-08-13 102.2400 8.0800 1
2026-08-12 102.6900 7.8764 None
2026-08-03 102.5012 7.9677 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2019-03-19
Rating Actions History 2 2026-08-05
Secondary-Market Trades 5 NSE OTC (WAP) 2026-08-18
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 9.10% Mar 2029 NCD?

Power Finance Corporation 9.10% Mar 2029 NCD carries a coupon of 9.10%, paid annual, on a face value of ₹1,000,000.

When does Power Finance Corporation 9.10% Mar 2029 NCD mature?

Power Finance Corporation 9.10% Mar 2029 NCD matures on 2029-03-23, 2.6 years from today.

What is Power Finance Corporation 9.10% Mar 2029 NCD rated?

Power Finance Corporation 9.10% Mar 2029 NCD is rated AAA by CARE. As of 2019-03-19.

Is Power Finance Corporation 9.10% Mar 2029 NCD secured?

Power Finance Corporation 9.10% Mar 2029 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Power Finance Corporation 9.10% Mar 2029 NCD trade?

Power Finance Corporation 9.10% Mar 2029 NCD is listed on BSE.

What yield does Power Finance Corporation 9.10% Mar 2029 NCD currently offer?

The last recorded trade on 2026-08-18 priced Power Finance Corporation 9.10% Mar 2029 NCD at ₹103.70, implying a yield to maturity of 7.45%.

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