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POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD

AAA Unsecured NCD

Power Grid Corporation of India Ltd

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2034

Current YTM
7.45%
Market YTM
Coupon Rate
7.49%
Per annum
Maturity Date
25 Oct 2034
8.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹400,000
Per Bond
Market Position
YTM (Annual)
7.45%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+106 bps
vs 8.2Y G-Sec at 6.39%
Below the median spread for similar-tenor peers
Tenure
8.2 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
25 Oct 2026
Interest Payment
₹29,960.00 / Bond
25 Oct 2027
Interest Payment
₹29,960.00 / Bond
25 Oct 2028
Interest Payment
₹29,960.00 / Bond
25 Oct 2029
Interest Payment
₹29,960.00 / Bond
25 Oct 2030
Interest Payment
₹29,960.00 / Bond
25 Oct 2031
Interest Payment
₹29,960.00 / Bond
25 Oct 2032
Interest Payment
₹29,960.00 / Bond
25 Oct 2033
Interest Payment
₹29,960.00 / Bond
25 Oct 2034
Principal Payment
₹400,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹400,000 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 2019-10-25 Matures 2034-10-25

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

Key Metrics
Coupon Rate
7.49%
YTM (Annual)
7.45%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
8.2 Years
Advanced metrics
Modified Duration
5.60 Yrs
Macaulay Duration
6.02 Yrs
Issue Size
₹1,008 Cr
Minimum Investment
₹400,000
(1 Bond)
Market Characteristics
Modified Duration
5.60 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
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 2.51 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
2019-10-25
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

PGCIL-7.49%-STRPPSC-25-10-34-PVT is a rated, redeemable ncd issued by Power Grid Corporation of India Ltd. The bond offers a fixed coupon of 7.49% 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 →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-26 100.1647 7.4509 None
2026-08-25 100.1647 7.4509 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2019-11-30
Rating Actions History 2 2026-08-25
Secondary-Market Trades 2 NSE OTC (WAP) 2026-08-26
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 POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD?

POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD carries a coupon of 7.49%, paid annual, on a face value of ₹400,000.

When does POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD mature?

POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD matures on 2034-10-25, 8.2 years from today.

What is POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD rated?

POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD is rated AAA by CRISIL. As of 2019-11-30.

Is POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD secured?

POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD trade?

POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD is listed on BSE.

What yield does POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD currently offer?

The last recorded trade on 2026-08-26 priced POWER GRID CORPORATION OF IN… 7.49% Oct 2034 NCD at ₹100.16, implying a yield to maturity of 7.45%.

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