8.95% Power Finance Corporation Ltd. - AAA Rated (INE134E08JQ3)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E08JQ3, with a face value of ₹10,00,000 rs on 10Oct18 to raise 3000 crores. The debt instrument is issued with a coupon rate of 8.95% 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 Bond is 8.95% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES 178. DATE OF MATURITY 10/10/2028. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on NSE stock exchange on 22Oct18 & on BSE stock exchange on 19Oct18. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 25Sep18. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.