P
AA / Stable Secured NCD

Piramal Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
8.52%
Market YTM
Coupon Rate
8.80%
Per annum
Maturity Date
11 Aug 2028
2.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
8.52%
Live, last traded 2026-08-04
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+363 bps
vs 2.0Y G-Sec at 4.90%
Above the median spread for similar-tenor peers
Tenure
2.0 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-30 2026-08-04
Cashflow Timeline
12 Sep 2026
Interest Payment
₹8,800.00 / Bond
12 Sep 2027
Interest Payment
₹8,800.00 / Bond
11 Aug 2028
Principal Payment
₹100,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-08-26 Rating action: AA by CRISIL on 2026-08-19 Rating action: by CRISIL on 2026-07-28 Rating action: by CRISIL on 2026-06-29 Initial rating: AA by CRISIL on 2026-06-17 Issued 2025-09-12 Matures 2028-08-11

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

Key Metrics
Coupon Rate
8.80%
YTM (Annual)
8.52%
Credit Rating
AA
(CARE)
Remaining Tenure
2.0 Years
Advanced metrics
Modified Duration
1.72 Yrs
Macaulay Duration
1.87 Yrs
Issue Size
₹750 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.72 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-04
NSE OTC (WAP)
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.20 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2025-09-12
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Piramal Finance Limited, PFL-8.80%-11-8-28-PVT is a secured, rated, ncd paying a 8.80% p.a. coupon annual. The instrument repays principal on maturity.

Rating Action History 5 actions
DateAgencyActionRatingOutlookRationale
2026-08-26 CRISIL Other View →
2026-08-19 CRISIL Other AA View →
2026-07-28 CRISIL Other View →
2026-06-29 CRISIL Other View →
2026-06-17 CRISIL Initial AA View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-04 100.4894 8.5225 None
2026-07-29 100.7063 8.4625 None
2026-07-06 99.6410 8.9679 None
2026-06-30 99.1927 9.2062 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2025-09-30
Rating Actions History 5 2026-08-26
Secondary-Market Trades 4 NSE OTC (WAP) 2026-08-04
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 Piramal Finance 8.80% Aug 2028 NCD?

Piramal Finance 8.80% Aug 2028 NCD carries a coupon of 8.80%, paid annual, on a face value of ₹100,000.

When does Piramal Finance 8.80% Aug 2028 NCD mature?

Piramal Finance 8.80% Aug 2028 NCD matures on 2028-08-11, 2.0 years from today.

What is Piramal Finance 8.80% Aug 2028 NCD rated?

Piramal Finance 8.80% Aug 2028 NCD is rated AA by CARE. As of 2025-09-30.

Is Piramal Finance 8.80% Aug 2028 NCD secured?

Piramal Finance 8.80% Aug 2028 NCD is a secured bond.

Where does Piramal Finance 8.80% Aug 2028 NCD trade?

Piramal Finance 8.80% Aug 2028 NCD is listed on BSE.

What yield does Piramal Finance 8.80% Aug 2028 NCD currently offer?

The last recorded trade on 2026-08-04 priced Piramal Finance 8.80% Aug 2028 NCD at ₹100.49, implying a yield to maturity of 8.52%.

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