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Power Finance Corporation 8.98% 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
7.88%
Market YTM
Coupon Rate
8.98%
Per annum
Maturity Date
28 Mar 2029
2.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.88%
Live, last traded 2026-07-29
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+163 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 chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.
Cashflow Timeline
28 Mar 2027
Interest Payment
₹89,800.00 / Bond
28 Mar 2028
Interest Payment
₹89,800.00 / Bond
28 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 2019-03-28 Matures 2029-03-28

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

Key Metrics
Coupon Rate
8.98%
YTM (Annual)
7.88%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.6 Years
Advanced metrics
Modified Duration
2.17 Yrs
Macaulay Duration
2.34 Yrs
Issue Size
₹1,000 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
2026-07-29
BSE
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 1.02 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
2019-03-28
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Power Finance Corporation Limited issued this rated, ncd (PFCL-8.98%-28-3-29-PVT) carrying a 8.98% 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
2026-07-29 102.4500 7.8800 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2019-04-30
Rating Actions History 2 2026-08-05
Secondary-Market Trades 1 BSE 2026-07-29
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 8.98% Mar 2029 NCD?

Power Finance Corporation 8.98% Mar 2029 NCD carries a coupon of 8.98%, paid annual, on a face value of ₹1,000,000.

When does Power Finance Corporation 8.98% Mar 2029 NCD mature?

Power Finance Corporation 8.98% Mar 2029 NCD matures on 2029-03-28, 2.6 years from today.

What is Power Finance Corporation 8.98% Mar 2029 NCD rated?

Power Finance Corporation 8.98% Mar 2029 NCD is rated AAA by CRISIL and AAA by CARE. As of 2019-04-30.

Is Power Finance Corporation 8.98% Mar 2029 NCD secured?

Power Finance Corporation 8.98% Mar 2029 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Power Finance Corporation 8.98% Mar 2029 NCD trade?

Power Finance Corporation 8.98% Mar 2029 NCD is listed on BSE.

What yield does Power Finance Corporation 8.98% Mar 2029 NCD currently offer?

The last recorded trade on 2026-07-29 priced Power Finance Corporation 8.98% Mar 2029 NCD at ₹102.45, implying a yield to maturity of 7.88%.

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