7.41% Power Finance Corporation Ltd. - AAA Rated (INE134E08KL2)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E08KL2, with a face value of ₹10,00,000 rs on 25Feb20 to raise 4000 crores. The debt instrument is issued with a coupon rate of 7.41% 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 7.41% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE NON CUMULATIVE TAXABLE BONDS IN THE NATURE OF DEBENTURES. SERIES 196. DATE OF MATURITY 25/02/2030. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 28Feb20 & on NSE stock exchange on 06Mar20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 19Feb20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.