7.60% Power Finance Corporation Ltd. - AAA Rated (INE134E07588)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E07588, with a face value of ₹1,000 rs on 17Oct15 to raise 155.4758 crores. The debt instrument is issued with a coupon rate of 7.60% and its interest is paid Annually. The returns are Tax-Free Under Section 10(15)(iv)(h). As per the filings, the long description of this Secured Bond is 7.60% SECURED REDEEMABLE NON CONVERTIBLE TAXFREE BONDS IN THE NATURE OF DEBENTURES. SERIES 3B. LETTER OF ALLOTMENT. DATE OF MATURITY 17/10/2035. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 21Oct15. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 16Sep15. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.