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Listed bonds, government securities, treasury bills, state loans and sovereign gold bonds: the terms, the last trade and the yield it implies, the agencies' ratings, the issuer's own numbers. Facts and arithmetic; no orders are placed here.
Bonds›Search›Piramal Finance 9.05% NCD 2028

Piramal Finance 9.05% NCD 2028AA · CARE

ISIN INE140A07AQ6 · non-convertible debenture, secured, senior · issuer Piramal Finance (PEL) → · NSE PEL series N2 · BSE 976211 · the terms and trades are illustrative: sample values shaped like the real thing, not data Artha holds
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Last trade
₹1,020.11
22 Sep 2026 · OTC · 500 units
YTM at that price
8.61%
actual/actual · compounded half-yearly
Accrued interest today
₹13.39 a unit
54 days since 31 Jul
Clean price at the trade
₹1,006.97
dirty ₹1,020.11 · the exchange prints flat
Spread over the G-sec
+275 bps
FBIL 1.9-year point 5.86%
Since the last trade
1 day
traded on 1 of the last 30 sessions
Thinly traded: 1 session out of 30, ₹5.10 L in all. The yield above is what one trade of 500 units implied on 22 Sep 2026; a larger order would not necessarily fill near it.

Terms

from the depository record, refreshed 21 Sep 2026

Pays 9.05% a year, half-yearly on 31 January and 31 July, until 31 Jul 2028. Secured against the issuer's assets, senior. Rated AA (Stable) by CARE, 12 Jun 2026. Face value ₹1,000, issued 31 Jul 2024; no put, no call. Debenture trustee: IDBI Trusteeship.

Coupon 9.05% · frequency 2 · day count actual/actual · issue 31 Jul 2024 · maturity 31 Jul 2028 · face ₹1,000 · put/call none · seniority senior · secured yes · rating AA / CARE / 12 Jun 2026 · exchanges NSE, BSE · series N2, 976211

Cash-flow schedule: every coupon and the principal as a chart and a table, the member's units when held, the tax line as the rules stand — coming soon

Against the curve

FBIL par yields, 23 Sep 2026
This bond, 1.9 years to maturity
8.61%
G-sec of the same maturity (FBIL, interpolated)
5.86%
Spread the market charges for this issuer
+275 bps
Median of AA NCDs traded this month, 1 to 2 years
8.34%
This bond against that median
+27 bps

Yield at each of the last 1 trades

exchange and reported OTC · six months
Rating history: every action in the agency's words with the rationale linked; no Artha label — coming soon
The issuer's numbers from the stock page: interest coverage, debt to equity, cash from operations against interest paid, loan-book growth, listed debt, pledge, forensic checks, results due, the government's holding for a public-sector issuer — coming soon
Where to buy, all outside Artha: RBI Retail Direct for sovereigns, the member's broker for listed paper with the exchange series shown, SEBI's list of bond platforms; Artha places no orders — coming soon