5% Power Finance Corporation Ltd. - AAA Rated (INE134E07AE0)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E07AE0, with a face value of ₹10,000 rs on 28Feb21 to raise 500 crores. The debt instrument is issued with a coupon rate of 5% 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% SECURED, RATED UNLISTED REDEEMABLE, NON-CONVERTIBLE, NON-CUMULATIVE, TAXABLE BONDS IN THE NATURE OF DEBENTURES. PFC CAPITAL GAIN TAX EXEMPTION BONDS SERIES IV. DATE OF MATURITY 28/02/2026. 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 29Mar20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.