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Power Finance Corporation 7.59% Jan 2028 NCD

AAA Unsecured NCD

Power Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
7.22%
Market YTM
Coupon Rate
7.59%
Per annum
Maturity Date
17 Jan 2028
1.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual)
7.22%
Live, last traded 2026-08-13
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+127 bps
vs 1.4Y G-Sec at 5.95%
Below the median spread for similar-tenor peers
Tenure
1.4 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-29 2026-08-13
Cashflow Timeline
19 Dec 2026
Interest Payment
₹75,900.00 / Bond
19 Dec 2027
Interest Payment
₹75,900.00 / Bond
17 Jan 2028
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 2022-12-19 Matures 2028-01-17

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

Key Metrics
Coupon Rate
7.59%
YTM (Annual)
7.22%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
1.4 Years
Advanced metrics
Modified Duration
1.22 Yrs
Macaulay Duration
1.31 Yrs
Issue Size
₹3,500 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
1.22 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-13
NSE OTC (WAP)
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.41 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
2022-12-19
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

7.59% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN NATURE DEBENTURES SERIES BS221B DATE OF MATURITY 17/01/2028 is a rated, redeemable ncd issued by Power Finance Corporation Limited. The bond offers a fixed coupon of 7.59% p.a. with annual interest payments and 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
2026-08-13 100.4376 7.2238 None
2026-08-10 99.7000 7.2056 None
2026-08-03 100.3113 7.3219 None
2026-06-29 100.4907 7.2100 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2022-11-25
Rating Actions History 2 2026-08-05
Secondary-Market Trades 4 NSE OTC (WAP) 2026-08-13
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 7.59% Jan 2028 NCD?

Power Finance Corporation 7.59% Jan 2028 NCD carries a coupon of 7.59%, paid annual, on a face value of ₹1,000,000.

When does Power Finance Corporation 7.59% Jan 2028 NCD mature?

Power Finance Corporation 7.59% Jan 2028 NCD matures on 2028-01-17, 1.4 years from today.

What is Power Finance Corporation 7.59% Jan 2028 NCD rated?

Power Finance Corporation 7.59% Jan 2028 NCD is rated AAA by CRISIL. As of 2022-11-25.

Is Power Finance Corporation 7.59% Jan 2028 NCD secured?

Power Finance Corporation 7.59% Jan 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Power Finance Corporation 7.59% Jan 2028 NCD currently offer?

The last recorded trade on 2026-08-13 priced Power Finance Corporation 7.59% Jan 2028 NCD at ₹100.44, implying a yield to maturity of 7.22%.

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