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7.21% Power Finance Corporation Ltd. - AAA Rated (INE134E07299)
In-activePSUSecured
Instrument Details
ISIN: INE134E07299
Face value
₹10,00,000
Coupon rate
7.21%
Payment
Annually
Tax Type
Tax-Free
Issue Size (Cr)
230
Instrument Type
Bond
Returns
Medium
Date of Issue
22 Nov 2012
Maturity Date
22 Nov 2022
Perpetual
Yes
Listing Status
Listed
Rating status
AAA (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal + Interest
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
POWER FINANCE CORPORATION LTD. 7.21 BD 22NV22 FVRS10LAC LOA UPTO 21NV12
Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond,
having ISIN value as INE134E07299, with a face value of ₹10,00,000 rs on 22Nov12 to raise 230 crores. The debt instrument
is issued with a coupon rate of 7.21% 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 7.21% SECURED REDEEMABLE NON CONVERTIBLE NON CUMULATIVE TAX FREE BONDS IN NATURE OF DEBENTURES. SERIES 94 - A. LETTER OF ALLOTMENT. DATE OF MATURITY 22/11/2022.. 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 04Dec12 & on BSE stock exchange on 22Jul14. CRISIL RATINGS LIMITED has given AAA rating to
this Bond on 29Oct12. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
22-Nov-12 : Your investment
₹72,10,000
22-Nov-13 : Interest
₹72,10,000
22-Nov-14 : Interest
₹72,10,000
22-Nov-15 : Interest
₹72,10,000
22-Nov-16 : Interest
₹72,10,000
22-Nov-17 : Interest
₹72,10,000
22-Nov-18 : Interest
₹72,10,000
22-Nov-19 : Interest
₹72,10,000
22-Nov-20 : Interest
₹72,10,000
22-Nov-21 : Interest
₹72,10,000
22-Nov-22 : Interest
₹17,21,00,000
22-Nov-22 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,21,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
7.21%
Returns
Medium
Bond Rating
AAA
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
New Delhi
SECTOR
Financial Services
ISSUER OWNERSHIP
PSU
Other Bonds of Power Finance Corporation Ltd.
FAQs about INE134E07299 issued by Power Finance Corporation Ltd.
What is the instrument name of INE134E07299 ISIN?
The instrument name of INE134E07299 ISIN is POWER FINANCE CORPORATION LTD. 7.21 BD 22NV22 FVRS10LAC LOA UPTO 21NV12.
How frequently is the interest paid on INE134E07299 bond issued by Power Finance Corporation Ltd.?
The interest earned from INE134E07299 bond issued by Power Finance Corporation Ltd. is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE134E07299 bond issued by Power Finance Corporation Ltd.?
This INE134E07299 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.
What is the coupon rate of INE134E07299 bond issued by Power Finance Corporation Ltd.?
This Bond offers a coupon rate of 7.21%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE134E07299 Bond?
The INE134E07299 Bond is issued by Power Finance Corporation Ltd., a PSU company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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