7.68% Power Finance Corporation Ltd. - AAA Rated (INE134E08KR9)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E08KR9, with a face value of ₹10,00,000 rs on 15May20 to raise 3101.3 crores. The debt instrument is issued with a coupon rate of 7.68% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 7.68% UNSECURED, RATED LISTED SENIOR REDEEMABLE, NON- CONVERTIBLE, NON-CUMULATIVE, TAXABLE BOND IN THE NATURE OF DEBENTURE. SERIES 201. DATE OF MATURITY 15/07/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 19May20 & on BSE stock exchange on 21May20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 28Apr20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.