Taxable
Tax Category
15 Apr, 2033
Maturity Date
(8 Yr 4 Mo 9 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
14 Dec, 2022
Allotment Date
NA
Put Date
14 Dec, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
7.58%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
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
Jun 19, 2024 | Power Finance Corporation Limited
Apr 23, 2024 | Power Finance Corporation Limited
Nov 08, 2024 | Power Finance Corporation Limited
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BOND VALUE DETAILS
Quote Not Available for purchase
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.