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POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD

AAA Unsecured NCD

Power Grid Corporation of India Ltd

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2032

Current YTM
No live YTM available
Coupon Rate
7.74%
Per annum
Maturity Date
10 Dec 2032
6.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual) EST
~7.74%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+176 bps
vs 6.3Y G-Sec at 5.98% *
Below the median spread for similar-tenor peers
Tenure
6.3 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.
Cashflow Timeline
12 Dec 2026
Interest Payment
₹77,400.00 / Bond
12 Dec 2027
Interest Payment
₹77,400.00 / Bond
12 Dec 2028
Interest Payment
₹77,400.00 / Bond
12 Dec 2029
Interest Payment
₹77,400.00 / Bond
12 Dec 2030
Interest Payment
₹77,400.00 / Bond
12 Dec 2031
Interest Payment
₹77,400.00 / Bond
10 Dec 2032
Principal Payment
₹1,000,000.00 / Bond

Next 6 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-08-25 Rating action: by CRISIL on 2026-06-24 Issued 2017-12-12 Matures 2032-12-10

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

Key Metrics
Coupon Rate
7.74%
YTM (Annual)
Credit Rating
AAA
(ICRA)
Remaining Tenure
6.3 Years
Advanced metrics
Modified Duration
4.59 Yrs
Macaulay Duration
4.94 Yrs
Issue Size
₹3,000 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
4.59 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 2.26 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 8 Aug 2026
Instrument Type
NCD
Issue Date
2017-12-12
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

PGCIL-7.74%-10-12-32-PVT is a rated, redeemable ncd issued by Power Grid Corporation of India Ltd. The bond offers a fixed coupon of 7.74% p.a. with annual interest payments and repays principal on maturity.

Rating Action History 2 actions
DateAgencyActionRatingOutlookRationale
2026-08-25 CRISIL Other View →
2026-06-24 CRISIL Other View →
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2017-11-17
Rating Actions History 2 2026-08-25
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 0
  • No secondary-market trades recorded — YTM figures use the coupon rate as a proxy.
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 POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD?

POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD carries a coupon of 7.74%, paid annual, on a face value of ₹1,000,000.

When does POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD mature?

POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD matures on 2032-12-10, 6.3 years from today.

What is POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD rated?

POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD is rated AAA by ICRA. As of 2017-11-17.

Is POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD secured?

POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD trade?

POWER GRID CORPORATION OF IN… 7.74% Dec 2032 NCD is listed on BSE.

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