Power Finance Corporation Ltd. - AAA Rated (INE134E07356)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E07356, with a face value of ₹1,000 rs on 28Mar13 to raise 80.456 crores. The debt instrument is issued with a coupon rate of (6.88/7.38)% 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 6.88% FOR CATEGORY I, II, III AND IV (COMPANY SHALL PAY AN ADDITIONAL INTEREST AT THE RATE OF 0.50% p.a. TO ORIGINAL ALLOTTEES UNDER CATEGORY IV AS PER THE TERMS OF THE ISSUE)TAX FREE SECURED REDEEMABLE NON CONVERTIBLE BONDS. (TRANCHE -II SERIES - 1). LETTER OF ALLOTMENT. DATE OF MATURITY 28/03/2023.. 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 03Apr13. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 01Dec13. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.