7.99% Power Finance Corporation Ltd. - AAA Rated (INE134E08JO8)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE134E08JO8, with a face value of ₹10,00,000 rs on 20Mar18 to raise 2795 crores. The debt instrument is issued with a coupon rate of 7.99% 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 Unsecured Debenture is 7.99% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES 176 OPTION B. DATE OF MATURITY 20/12/2022. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 27Mar18 & on BSE stock exchange on 27Mar18. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 27Feb18. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.