5.75% Power Finance Corporation Ltd. - AAA Rated (INE134E07695)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E07695, with a face value of ₹10,000 rs on 31May18 to raise 500 crores. The debt instrument is issued with a coupon rate of 5.75% 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 Secured Bond is 5.75% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. PFC CAPITAL GAIN TAX EXEMPTION BONDS SERIES II. DATE OF MATURITY 31/05/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 28Mar18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.