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9.25%Power Finance Corporation Limited 25 Sept 2024

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ISIN:
INE134E08JY7
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Taxable

Tax Category

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25 Sep, 2024

Maturity Date
(-14 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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25 Mar, 2019

Allotment Date

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NA

Put Date

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25 Sep, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

YOUR EARNING
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Your Investment

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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
Credit Rating
Low SafetyHigh Safety
AAA Stable
CARE
AAA Stable
ICRA
AAA Stable
CRISIL
Subordinated Tier 2

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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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.

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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.

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Interest coverage ratio

Recent News
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Power Finance Corporation board okays Rs 15,000 crore loan to Shapoorji Pallonji Group companies

Jun 19, 2024 | Power Finance Corporation Limited

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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
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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