Fixed Alpha
AAA

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Power Finance Corporation Limited

INE134E07588· Listed on NSE & BSE

5.28%

Yield

Tenure

9Y 1M 2D

Maturity Date

17 Oct 2035

Coupon Frequency

Annual

Face Value

₹1,000

Nature

Secured

Coupon Rate

7.35%

About the Issuer

Power Finance Corporation Limited (PFC), incorporated in 1986, is a non-banking financial company with infrastructure finance company status, established by the Government of India as a specialised development financial institution to fund projects in the domestic power sector. The GoI held a 56% stake in the company as of December 31, 2025. PFC extends loans across a range of power sector activities, including generation, distribution, transmission, and plant renovation and maintenance, as well as other infrastructure projects. It is the promoter and holding company of REC Limited, having acquired 103.94 crore equity shares of REC from the President of India in March 2019, representing 53% of REC's paid-up share capital. On a standalone basis, PFC reported a profit after tax of Rs. 13,727 crore in 9M FY2026, against Rs. 17,352 crore for full-year FY2025, with capital adequacy of 22.4% and a total loan book of Rs. 5,69,627 crore as of December 31, 2025 (Rs. 5,43,120 crore as of March 31, 2025). At the consolidated level, PFC posted a PAT of Rs. 25,028 crore in 9M FY2026 versus Rs. 30,514 crore in FY2025, with a total loan book of Rs. 11,51,407 crore as of December 31, 2025.

Coupon ladder

Payment schedule of interest and principal

Oct '16Coupon

₹74

Oct '17Coupon

₹74

Oct '18Coupon

₹74

Oct '19Coupon

₹74

Oct '20Coupon

₹74

Oct '21Coupon

₹74

Oct '22Coupon

₹74

Oct '23Coupon

₹74

Oct '24Coupon

₹74

Oct '25Coupon

₹74

Oct '26Coupon

₹74

Oct '27Coupon

₹74

Oct '28Coupon

₹74

Oct '29Coupon

₹74

Oct '30Coupon

₹74

Oct '31Coupon

₹74

Oct '32Coupon

₹74

Oct '33Coupon

₹74

Oct '34Coupon

₹74

Oct '35Coupon + Principal

₹1,074

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Power Finance Corporation Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE134E07588If that does not work, try its BSE or NSE scrip code:BSE935514NSE19976
  2. Enter the quantity required.
  3. Enter following Price:₹1,213.24This is the Price at which you will earn Fixed Returns (Yield) of 5.28% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.