Bond PowerFin Corp 9.42% ( INE134E08EL5 ) in INR

Issuer	PowerFin Corp
Market price	100 % ⇌
Country	India
ISIN code	INE134E08EL5 ( in INR )
Interest rate	9.42% per year ( payment 1 time a year)
Maturity	20/03/2020 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	6 508 000 000 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. The INE134E08EL5 bond, a fixed-income instrument issued by Power Finance Corporation, an integral public sector undertaking in India's energy sector, has successfully matured and been fully redeemed. This particular bond issue, denominated in Indian Rupees (INR), featured an attractive interest rate of 9.42% with an annual payment frequency. Power Finance Corporation (PFC) plays a crucial role in India's power infrastructure development by providing comprehensive financial assistance to various entities involved in power generation, transmission, and distribution projects across the nation, thereby contributing significantly to the country's energy security and growth. The total issuance size for this bond was recorded at INR 6,508,000,000, with a specified minimum purchase size of INR 1,000,000 per investor. Having reached its maturity date on March 20, 2020, the bond was reported at a market price of 100% at the time of its redemption, signifying full principal repayment to its bondholders upon the expiration of its term.