8.85% Power Finance Corporation Ltd. - AAA Rated (INE134E08KC1)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E08KC1, with a face value of ₹10,00,000 rs on 27May19 to raise 1982.1 crores. The debt instrument is issued with a coupon rate of 8.85% 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 8.85% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE TAXABLE BONDS IN THE NATURE OF DEBENTURES SERIES 187 (B). MATURITY DATE : 25/05/2029. 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 30May19 & on BSE stock exchange on 03Jun19. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 16May19. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.