Security Name: 7.55% Power Finance Corporation Limited 01 Aug 2038
ISIN:
INE134E07CK3
Taxable
Tax Category
01 Aug, 2038
Maturity Date
(12 Yr 11 Mo 23 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
01 Aug, 2023
Allotment Date
NA
Put Date
01 Aug, 2026
Next Interest Payment Date
16 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
7.55%
Coupon
Fixed Interest
Coupon Basis
7.2166%
Current Yield
16 Jul, 2026
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*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 services 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
Power Finance Corporation turns down Shapoorji Pallonji Group’s Rs 20,000 crore fundraising plan
Nov 08, 2024 | Power Finance Corporation Limited
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STEPS TO BUY THIS BOND
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PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE134E07CK3 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 7.55% Power Finance Corporation Limited 01 Aug 2038 |
| Credit Rating |
|---|
| AAA Stable by ICRA AAA Stable by CRISIL AAA Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,000 |
| Coupon |
|---|
| 7.550000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 01/08/2038 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Aug 08,2025 |
| Principal Amount |
|---|
| ₹1,046.2 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,046.2 |
| Price |
|---|
| ₹104.6204 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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