Bond PowerFin Corp 8.43% ( INE134E07224 ) in INR

Issuer	PowerFin Corp
Market price	100 % ⇌
Country	India
ISIN code	INE134E07224 ( in INR )
Interest rate	8.43% per year ( payment 1 time a year)
Maturity	30/03/2022 - Bond has expired
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Minimal amount	5 000 INR
Total amount	178 105 000 INR
Detailed description	Power Finance Corporation Limited (PFC) is an Indian government-owned non-banking financial company (NBFC) that primarily provides financial assistance to the power sector. An examination of the Indian debt market reveals the lifecycle completion of a significant financial instrument: a bond issued by Power Finance Corporation (PFC). Power Finance Corporation stands as a prominent Indian Public Sector Undertaking, pivotal in financing the nation's energy infrastructure development. As a Non-Banking Financial Company (NBFC) of systemic importance, PFC provides critical financial assistance to power generation, transmission, and distribution projects throughout India, making its debt offerings key investment vehicles for those targeting exposure to the country's growing power sector. This specific bond, identified by ISIN code INE134E07224, was issued in Indian Rupees (INR) and carried an annual interest rate of 8.43 percent. The total issuance size for this bond was INR 178,105,000, with a minimum investment threshold of INR 5,000. Structured with a payment frequency of one, implying annual interest distributions, the bond, originating from India, reached its scheduled maturity date on March 30, 2022. It is confirmed that this obligation has since fully matured and been repaid at its principal value, concluding its tenure as an active debt instrument in the market.