7.34% Power Finance Corporation Ltd. - AAA Rated (INE134E08LE5)

Power Finance Corporation Ltd., a Non-Banking Financial Company (NBFC) company, has floated Bond, having ISIN value as INE134E08LE5, with a face value of ₹10,00,000 rs on 29Sep20 to raise 1711 crores. The debt instrument is issued with a coupon rate of 7.34% 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 7.34% UNSECURED, RATED LISTED REDEEMABLE, NON-CONVERTIBLE, NON-CUMULATIVE, TAXABLE BONDS IN THE NATURE OF DEBENTURES -BONDS-SERIES 209.DATE OF MATURITY 29/09/2035. 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 01Oct20 & on BSE stock exchange on 05Oct20. CRISIL RATINGS LIMITED has given AAA rating to this Bond on 01Sep20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.