7.36%Power Finance Corporation Limited (Tax Free) 04 Jan 2028
ISIN:
INE134E07349
Tax Free
Tax Category
04 Jan, 2028
Maturity Date
(3 Yr 5 Mo 7 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
04 Jan, 2013
Allotment Date
NA
Put Date
04 Jan, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Power Finance Corporation Limited
PFC, incorporated in 1986, is a NBFC with infrastructure finance company status. It was set up by the GoI as a specialized development financial institution to fund projects in the domestic power sector. PFC provides loans for a range of power sector activities including generation, distribution, transmission, and plant renovation and maintenance. It finances state sector entities including generating and distribution companies as well as IPPs.
The ratio in FY24 is 9x and it was 9.64x in FY23, indicating even though there is increase in borrowing and finance cost , the issuer is still able to maintain its profitability which led to reduction in debt level.
Debt/EBITDA
The ratio in FY24 is 1.63x and it was 1.61x in FY23, showing issuers slightly increased ability to service its debt, due to slight increase in the earnings.
Interest coverage ratio
Recent News
Power Finance Corporation board okays Rs 15,000 crore loan to Shapoorji Pallonji Group companies
Jun 19, 2024 | Power Finance Corporation Limited
Power Finance Corporation offers to underwrite entire debt of Rs27,300 crore for planned Vadhavan Port
Apr 23, 2024 | Power Finance Corporation Limited
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STEPS TO BUY THIS BOND
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹106.7846
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