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POWER GRID CORPORATION OF IN… 7.08% 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
7.19%
Market YTM
Coupon Rate
7.08%
Per annum
Maturity Date
25 Oct 2034
8.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.19%
Live, last traded 2026-07-02
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+80 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
₹7,080.00 / Bond
25 Oct 2027
Interest Payment
₹7,080.00 / Bond
25 Oct 2028
Interest Payment
₹7,080.00 / Bond
25 Oct 2029
Interest Payment
₹7,080.00 / Bond
25 Oct 2030
Interest Payment
₹7,080.00 / Bond
25 Oct 2031
Interest Payment
₹7,080.00 / Bond
25 Oct 2032
Interest Payment
₹7,080.00 / Bond
25 Oct 2033
Interest Payment
₹7,080.00 / Bond
25 Oct 2034
Principal Payment
₹100,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-08-25 Rating action: by CRISIL on 2026-06-24 Issued 2024-10-25 Matures 2034-10-25

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

Key Metrics
Coupon Rate
7.08%
YTM (Annual)
7.19%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
8.2 Years
Advanced metrics
Modified Duration
5.69 Yrs
Macaulay Duration
6.10 Yrs
Issue Size
₹5,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.69 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-07-02
NSE OTC (WAP)
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 2.92 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
2024-10-25
Day Count Convention
30/360
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by Power Grid Corporation of India Ltd, PGCIL-7.08%-25-10-34-PVT is a rated, ncd paying a 7.08% p.a. coupon annual. The instrument 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
2026-07-02 99.2457 7.1900 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, ICRA 2024-10-31
Rating Actions History 2 2026-08-25
Secondary-Market Trades 1 NSE OTC (WAP) 2026-07-02
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… 7.08% Oct 2034 NCD?

POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD carries a coupon of 7.08%, paid annual, on a face value of ₹100,000.

When does POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD mature?

POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD matures on 2034-10-25, 8.2 years from today.

What is POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD rated?

POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD is rated AAA by CRISIL and AAA by ICRA. As of 2024-10-31.

Is POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD secured?

POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD trade?

POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD is listed on BSE.

What yield does POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD currently offer?

The last recorded trade on 2026-07-02 priced POWER GRID CORPORATION OF IN… 7.08% Oct 2034 NCD at ₹99.25, implying a yield to maturity of 7.19%.

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