Bond PowerFin Corp 5.75% ( INE134E07760 ) in INR

Issuer	PowerFin Corp
Market price	100 % ⇌
Country	India
ISIN code	INE134E07760 ( in INR )
Interest rate	5.75% per year ( payment 1 time a year)
Maturity	31/12/2023 - Bond has expired
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Minimal amount	10 000 INR
Total amount	551 440 000 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. A detailed review of a specific fixed-income instrument issued by Power Finance Corporation (PFC) highlights key characteristics and its recent redemption. Power Finance Corporation, a leading Indian public sector undertaking (PSU), holds a pivotal role in the country's power sector, primarily engaged in providing financial assistance to various entities for the development of power projects, encompassing generation, transmission, and distribution. The bond under scrutiny, identified by ISIN INE134E07760, was an Indian Rupee (INR) denominated obligation structured with a coupon rate of 5.75%. This instrument, representing a total issuance size of INR 551,440,000, had a minimum investment threshold set at INR 10,000 per lot, making it accessible to a range of investors. Carrying a payment frequency of once per year, the bond was scheduled to reach its maturity on December 31, 2023. As confirmed, this obligation has successfully matured on its specified date and the principal has been fully repaid, concluding its life cycle at 100% of its nominal value, signifying a par redemption for investors.