Bond PowerFin Corp 8.82% ( INE134E08FG2 ) in INR

Issuer	PowerFin Corp
Market price	100 % ⇌
Country	India
ISIN code	INE134E08FG2 ( in INR )
Interest rate	8.82% per year ( payment 1 time a year)
Maturity	20/02/2020 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 000 INR
Total amount	7 330 000 000 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 centers on a specific bond (ISIN: INE134E08FG2) issued by Power Finance Corporation (PFC), a key state-owned financial institution in India, which plays a pivotal role in the nation's power sector. Established to provide financial assistance to various power projects across India, PFC is instrumental in funding critical infrastructure development, thereby supporting the country's energy security and economic expansion. This particular debt instrument, denominated in Indian Rupees (INR), featured a fixed annual coupon rate of 8.82% and represented a total issuance size of INR 7,330,000,000, with a minimum purchase amount set at INR 1,000,000 per lot. The bond, which matured on February 20, 2020, was successfully redeemed at its par value, indicating a market price of 100% at the point of repayment. This full and timely repayment underscores Power Finance Corporation's sound financial standing and its consistent commitment to fulfilling its debt obligations, reinforcing investor confidence in securities issued by the corporation and the broader Indian public sector.