P

Power Finance Corporation 6.96% Mar 2028 NCD

AAA / Stable Unsecured NCD

Power Finance Corporation Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
7.33%
Market YTM
Coupon Rate
6.96%
Per annum
Maturity Date
02 Mar 2028
1.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.33%
Live, last traded 2026-08-20
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+155 bps
vs 1.5Y G-Sec at 5.78%
Below the median spread for similar-tenor peers
Tenure
1.5 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-25 2026-08-20
Cashflow Timeline
2 Mar 2027
Interest Payment
₹6,960.00 / Bond
2 Mar 2028
Principal Payment
₹100,000.00 / Bond

Next 1 coupon + principal at maturity · per ₹100,000 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 2026-03-02 Matures 2028-03-02

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

Key Metrics
Coupon Rate
6.96%
YTM (Annual)
7.33%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
1.5 Years
Advanced metrics
Modified Duration
1.34 Yrs
Macaulay Duration
1.44 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.34 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-20
NSE OTC (WAP)
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 3.04 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 6 Aug 2026
Instrument Type
NCD
Issue Date
2026-03-02
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Power Finance Corporation Limited, PFCL-6.96%-02-03-28-PVT is a rated, ncd paying a 6.96% p.a. coupon annual. The instrument 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
2026-08-20 99.4027 7.3333 None
2026-08-04 99.5196 7.2400 None
2026-07-24 99.4124 7.3100 None
2026-07-16 99.4948 7.2575 None
2026-07-15 99.4943 7.2500 None
2026-06-25 99.6608 7.1355 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2026-03-31
Rating Actions History 2 2026-08-05
Secondary-Market Trades 6 NSE OTC (WAP) 2026-08-20
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
bse_bonds
Last Updated
6 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 6.96% Mar 2028 NCD?

Power Finance Corporation 6.96% Mar 2028 NCD carries a coupon of 6.96%, paid annual, on a face value of ₹100,000.

When does Power Finance Corporation 6.96% Mar 2028 NCD mature?

Power Finance Corporation 6.96% Mar 2028 NCD matures on 2028-03-02, 1.5 years from today.

What is Power Finance Corporation 6.96% Mar 2028 NCD rated?

Power Finance Corporation 6.96% Mar 2028 NCD is rated AAA by CRISIL and AAA by CARE. As of 2026-03-31.

Is Power Finance Corporation 6.96% Mar 2028 NCD secured?

Power Finance Corporation 6.96% Mar 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Power Finance Corporation 6.96% Mar 2028 NCD trade?

Power Finance Corporation 6.96% Mar 2028 NCD is listed on BSE.

What yield does Power Finance Corporation 6.96% Mar 2028 NCD currently offer?

The last recorded trade on 2026-08-20 priced Power Finance Corporation 6.96% Mar 2028 NCD at ₹99.40, implying a yield to maturity of 7.33%.

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