7.38% Power Finance Corporation Ltd. - AAA Rated (INE134E07307)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E07307, with a face value of ₹10,00,000 rs on 22Nov12 to raise 24.1 crores. The debt instrument is issued with a coupon rate of 7.38% 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 7.38% SECURED REDEEMABLE NON CONVERTIBLE NON CUMULATIVE TAX FREE BONDS IN NATURE OF DEBENTURES. SERIES 94 - B. LETTER OF ALLOTMENT. DATE OF MATURITY 22/11/2027.. 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 22Jul14 & on NSE stock exchange on 04Dec12. 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.