Bond PowerFin Corp 8.19% ( INE134E08FT5 ) in INR

Issuer	PowerFin Corp
Market price	100 % ⇌
Country	India
ISIN code	INE134E08FT5 ( in INR )
Interest rate	8.19% per year ( payment 1 time a year)
Maturity	14/06/2023 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	8 000 000 000 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 bond identified by ISIN code INE134E08FT5, issued by Power Finance Corporation (PFC), recently completed its lifecycle, having reached its maturity date. Power Finance Corporation, a key Indian Public Sector Undertaking (PSU) under the Ministry of Power, serves as a pivotal financial institution dedicated to supporting and developing India's power sector infrastructure through various financial instruments. This particular obligation, denominated in Indian Rupees (INR), featured a robust annual coupon rate of 8.19% and represented a total issuance size of INR 8,000,000,000, with a minimum investment threshold of INR 1,000,000 per purchase. Having successfully matured on June 14, 2023, the bond was redeemed at 100% of its market price, confirming its full repayment to all bondholders. This successful and timely redemption underscores PFC's strong financial standing and its commitment to meeting its obligations in the Indian debt market.