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Power Finance Corporation 7.40% Jan 2035 NCD (INE134E08NN2)

CRISIL AAA Unsecured NCD

Power Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

218 more bonds from Power Finance Corporation Limited →
Current YTM
8.22%
Market YTM
Coupon Rate
7.40%
Per annum
Maturity Date
15 Jan 2035
8.2 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)
8.22%
Last traded 28 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+89 bps
vs 8.2Y G-Sec at 7.33%
Below the median spread for similar-tenor peers
Tenure
8.2 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
6 Jul 202628 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

3 Mar 2027
Interest Payment
₹7,400.00 / Bond
₹6,660.00 net of 10% TDS (est.)
3 Mar 2028
Interest Payment
₹7,400.00 / Bond
₹6,660.00 net of 10% TDS (est.)
3 Mar 2029
Interest Payment
₹7,400.00 / Bond
₹6,660.00 net of 10% TDS (est.)
3 Mar 2030
Interest Payment
₹7,400.00 / Bond
₹6,660.00 net of 10% TDS (est.)
3 Mar 2031
Interest Payment
₹7,400.00 / Bond
₹6,660.00 net of 10% TDS (est.)
3 Mar 2032
Interest Payment
₹7,400.00 / Bond
₹6,660.00 net of 10% TDS (est.)
3 Mar 2033
Interest Payment
₹7,400.00 / Bond
₹6,660.00 net of 10% TDS (est.)
3 Mar 2034
Interest Payment
₹7,400.00 / Bond
₹6,660.00 net of 10% TDS (est.)
15 Jan 2035
Final coupon (part period) + principal
₹1,06,447.12 / Bond
₹6,447.12 coupon + ₹1,00,000 face value

9 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 3 Mar 2025 Matures 15 Jan 2035

Key Metrics

Coupon Rate
7.40%
YTM (Annual)
8.22%
Credit Rating
AAA
(CRISIL) · rated 31 Mar 2025, 19 months ago
Over 15 months old; see below
Remaining Tenure
8.2 Years

AAA (CRISIL): Rated 31 Mar 2025 (19 months ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics
Modified Duration
5.55 Yrs
Macaulay Duration
6.00 Yrs
Issue Size
₹3,075 Cr
Minimum Investment
₹1,00,000
1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
5.55 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
28 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 2.80 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 8 Nov 2026
Instrument Type
NCD
Issue Date
3 Mar 2025
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Power Finance Corporation Limited, Power Finance Corporation 7.40% Jan 2035 NCD is an unsecured, rated NCD. It pays a 7.40% p.a. coupon, annually. Principal is repaid at maturity.

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 INE134E08NN2: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-28 95.1543 8.2200 —
2026-09-24 97.1246 7.8700 —
2026-08-27 98.7079 7.6000 —
2026-07-15 99.9300 7.4000 —
2026-07-14 99.3500 7.5000 1
2026-07-08 103.6000 6.8200 —
2026-07-06 103.4000 6.8491 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-03-31
Rating Actions History 2 — 2026-08-05
Secondary-Market Trades 7 NSE OTC (WAP) 2026-10-28
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
BSE
Last Updated
8 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)
₹95,154.30
YTM8.22%
Trade Date 28 Oct 2026 11d ago
SourceNSE OTC (WAP)
Accrued interest (est.)₹6,041.64
Dirty price (est.)₹1,01,195.94
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE134E08NN2
Issue Date
3 Mar 2025
Maturity Date
15 Jan 2035
Listing
BSE
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Power Finance Corporation 7.40% Jan 2035 NCD?

Power Finance Corporation 7.40% Jan 2035 NCD carries a coupon of 7.40%, paid annual, on a face value of ₹1,00,000.

When does Power Finance Corporation 7.40% Jan 2035 NCD mature?

Power Finance Corporation 7.40% Jan 2035 NCD matures on 15 Jan 2035, 8.2 years from today.

What is Power Finance Corporation 7.40% Jan 2035 NCD rated?

Power Finance Corporation 7.40% Jan 2035 NCD is rated AAA by CRISIL (rating dated 31 Mar 2025).

Is Power Finance Corporation 7.40% Jan 2035 NCD secured?

Power Finance Corporation 7.40% Jan 2035 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Power Finance Corporation 7.40% Jan 2035 NCD trade?

Power Finance Corporation 7.40% Jan 2035 NCD is listed on BSE.

What yield does Power Finance Corporation 7.40% Jan 2035 NCD currently offer?

The last recorded trade on 28 Oct 2026 priced Power Finance Corporation 7.40% Jan 2035 NCD at ₹95,154.30 per bond, implying a yield to maturity of 8.22%.

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
P
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
P
Power Finance Corporation 5.00% Nov 2026 NCD
INE134E07BB4
AAA
Coupon
5.00%
Maturity
30 Nov 2026
Compare (/) Compare Bonds

Comparable NCDs maturing near 2035

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 7.40%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE053F08403Indian Railway Finance Corporation LimitedAAA7.39%2034-07-15
INE936D07190Jamnagar Utilities & Power Private LimitedAAA7.43%2034-10-24
INE053F08379Indian Railway Finance Corporation LimitedAAA7.44%2034-02-28
INE053F08395Indian Railway Finance Corporation LimitedAAA7.44%2034-06-13
INE238A08500Axis Bank LimitedAAA7.45%2034-09-05
INE020B08FG9REC LimitedAAA NSDL record, 20247.45%2035-08-31

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