Bond PowerFin Corp 9.68% ( INE134E08AT6 ) in INR

Issuer	PowerFin Corp
Market price	100 % ⇌
Country	India
ISIN code	INE134E08AT6 ( in INR )
Interest rate	9.68% per year ( payment 1 time a year)
Maturity	09/06/2018 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	7 807 000 000 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. This financial analysis focuses on a specific debt instrument, identified by ISIN INE134E08AT6, issued by Power Finance Corporation (PFC), a prominent public sector undertaking based in India. Power Finance Corporation plays a critical role in the Indian economy by providing comprehensive financial services for the power sector, including funding for generation, transmission, and distribution projects across the country. This particular bond, denominated in Indian Rupees (INR), was structured with a fixed annual interest rate of 9.68%. The total size of this issue amounted to INR 7,807,000,000, with a stipulated minimum purchase size set at INR 1,000,000 for investors. A crucial detail for this specific obligation is its maturity date of June 9, 2018. As stated, this bond has reached its full maturity and has been successfully repaid. The reported 'current market price' of 100% signifies that the bond was redeemed at its face value upon maturity, ensuring investors received their full principal back, thereby concluding the lifecycle of this debt instrument from a key Indian issuer.