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Instrument Details

ISIN: INE134E08LJ4

Face value

₹10,00,000

Coupon rate

3MTBILL LINKED

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1985

Instrument Type

Bond

Returns

Linked to Markets

Date of Issue

02 Aug 2021

Maturity Date

08 Feb 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

POWER FINANCE CORPORATION LTD. SR 211 BR BD 02AG24 FVRS10LAC
Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E08LJ4, with a face value of ₹10,00,000 rs on 02Aug21 to raise 1985 crores. The debt instrument is issued with a coupon rate of 3MTBILL LINKED 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 3MTBILL LINKED UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES.SERIES 211. DATE OF MATURITY 02/08/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 03Aug21 & on NSE stock exchange on 03Aug21. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 07Jul21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

3MTBILL LINKED

Returns

Linked to Markets

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
PSU
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Rating

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FAQs about INE134E08LJ4 issued by Power Finance Corporation Ltd.

The instrument name of INE134E08LJ4 ISIN is POWER FINANCE CORPORATION LTD. SR 211 BR BD 02AG24 FVRS10LAC.
The interest earned from INE134E08LJ4 bond issued by Power Finance Corporation Ltd. is paid Annually, ensuring regular and consistent income for investors.
This INE134E08LJ4 bond issued by Power Finance Corporation Ltd. has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE134E08LJ4 bond issued by Power Finance Corporation Ltd. is 3MTBILL LINKED.
The INE134E08LJ4 Bond is issued by Power Finance Corporation Ltd., a PSU company.
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