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Power Finance Corporation 7.77% Apr 2028 NCD (INE134E08MJ2)

CARE AAA / Stable Unsecured NCD

Power Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

218 more bonds from Power Finance Corporation Limited →
Current YTM
8.27%
Market YTM
Coupon Rate
7.77%
Per annum
Maturity Date
15 Apr 2028
1.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

Market Position

YTM (Annual)
8.27%
Last traded 30 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+135 bps
vs 1.4Y G-Sec at 6.92%
Below the median spread for similar-tenor peers
Tenure
1.4 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.

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

31 Mar 2027
Interest Payment
₹7,770.00 / Bond
₹6,993.00 net of 10% TDS (est.)
31 Mar 2028
Interest Payment
₹7,770.00 / Bond
₹6,993.00 net of 10% TDS (est.)
15 Apr 2028
Final coupon (part period) + principal
₹1,00,319.32 / Bond
₹319.32 coupon + ₹1,00,000 face value

3 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 31 Mar 2023 Matures 15 Apr 2028

Key Metrics

Coupon Rate
7.77%
YTM (Annual)
8.27%
Credit Rating
AAA
(CARE) · rated 1 Apr 2026, 7 months ago
Remaining Tenure
1.4 Years

AAA (CARE): Rated 1 Apr 2026 (7 months ago).

AAA (CRISIL): Rated 30 Apr 2023 (3 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

With more than one agency, the rating shown at the top is the lowest of those dated within the last 15 months (or the newest, when none is). How we pick it →

Advanced metrics
Modified Duration
1.26 Yrs
Macaulay Duration
1.36 Yrs
Issue Size
₹1,390 Cr
Minimum Investment
₹1,00,000
1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
1.26 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
30 Oct 2026
NSE OTC (WAP)
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 2.43 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 7 Nov 2026
Instrument Type
NCD
Issue Date
31 Mar 2023
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Power Finance Corporation Limited issued Power Finance Corporation 7.77% Apr 2028 NCD, an unsecured, rated NCD. It pays a 7.77% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

3 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
1 Apr 2026 CARE AAA Stable Latest CARE press release →
30 Apr 2023 CRISIL AAA Stable Latest BSE listing
2023 ICRA AAA — NSDL record, 2023 NSDL debt master

Rating Action History

2 actions

Agency actions on Power Finance Corporation Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

DateAgencyActionRatingOutlookRationale
2026-08-05 CRISIL Reaffirm AAA Stable View →
2026-07-06 CRISIL Update — — View →
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on Power Finance Corporation Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

DateAgencyActionRatingRationale
2026-08-05 CRISIL Reaffirm AAA / Stable View →
2026-07-06 CRISIL Update — View →
Alert me about Power Finance Corporation Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE134E08MJ2: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-30 99.2573 8.2700 —
2026-09-21 100.3050 7.5000 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 3 CARE, CRISIL, ICRA 2026-04-01
Rating Actions History 2 — 2026-08-05
Secondary-Market Trades 2 NSE OTC (WAP) 2026-10-30
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
BSE
Last Updated
7 Nov 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.

Current Price (Clean)
₹99,257.30
YTM8.27%
Trade Date 30 Oct 2026 9d ago
SourceNSE OTC (WAP)
Accrued interest (est.)₹4,427.84
Dirty price (est.)₹1,03,685.14
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE134E08MJ2
Issue Date
31 Mar 2023
Maturity Date
15 Apr 2028
Listing
BSE
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

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Frequently Asked Questions
What is the coupon rate on Power Finance Corporation 7.77% Apr 2028 NCD?

Power Finance Corporation 7.77% Apr 2028 NCD carries a coupon of 7.77%, paid annual, on a face value of ₹1,00,000.

When does Power Finance Corporation 7.77% Apr 2028 NCD mature?

Power Finance Corporation 7.77% Apr 2028 NCD matures on 15 Apr 2028, 1.4 years from today.

What is Power Finance Corporation 7.77% Apr 2028 NCD rated?

Power Finance Corporation 7.77% Apr 2028 NCD is rated AAA by CARE (rating dated 1 Apr 2026) and AAA by CRISIL (rating dated 30 Apr 2023).

Is Power Finance Corporation 7.77% Apr 2028 NCD secured?

Power Finance Corporation 7.77% Apr 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Power Finance Corporation 7.77% Apr 2028 NCD trade?

Power Finance Corporation 7.77% Apr 2028 NCD is listed on BSE.

What yield does Power Finance Corporation 7.77% Apr 2028 NCD currently offer?

The last recorded trade on 30 Oct 2026 priced Power Finance Corporation 7.77% Apr 2028 NCD at ₹99,257.30 per bond, implying a yield to maturity of 8.27%.

More Bonds from This Issuer

P
Power Finance Corporation 8.75% Nov 2026 NCD
INE134E07182
AAA NSDL record, 2013
Coupon
8.75%
Maturity
21 Nov 2026
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Power Finance Corporation 8.75% Nov 2026 NCD
INE134E07174
AAA NSDL record, 2013
Coupon
8.75%
Maturity
21 Nov 2026
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Power Finance Corporation 8.16% Nov 2026 NCD
INE134E07141
AAA
Coupon
8.16%
Maturity
25 Nov 2026
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Power Finance Corporation 5.00% Nov 2026 NCD
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AAA
Coupon
5.00%
Maturity
30 Nov 2026
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Comparable NCDs maturing near 2028

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.77%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE040A08823HDFC Bank LimitedAAA NSDL record, 20237.77%2027-06-28
INE883F07405Aadhar Housing Finance LimitedAA7.76%2028-11-30
INE916DA7SX8Kotak Mahindra Prime LimitedAAA7.75%2027-11-19
INE556F08KN9Small Industries Development Bank of IndiaAAA NSDL record, 20237.75%2027-06-10
INE115A07MQ6LIC Housing Finance LimitedAAA NSDL record, 20177.75%2027-11-23
INE403D08314Bharti Telecom LimitedAAA NSDL record, 20267.75%2028-02-29

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