Bond PowerFin Corp 8.55% ( INE134E08GT3 ) in INR

Issuer PowerFin Corp
Market price 100 %  ⇌ 
Country  India
ISIN code  INE134E08GT3 ( in INR )
Interest rate 8.55% per year ( payment 1 time a year)
Maturity 09/12/2021 - Bond has expired



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Minimal amount 1 000 000 INR
Total amount 12 000 000 000 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.

**Successful Redemption of Power Finance Corporation's INR 12 Billion Bond (ISIN: INE134E08GT3)** An important fixed-income instrument, the bond identified by ISIN INE134E08GT3, issued by the prominent Indian public sector undertaking Power Finance Corporation (PFC), officially reached its maturity on December 9, 2021, and has been successfully redeemed. Power Finance Corporation is a leading financial institution in India, playing a pivotal role in the development and financing of the country's critical power sector; as a public sector enterprise based in India, PFC is instrumental in providing financial assistance to various entities across the power industry, including generation, transmission, and distribution projects, thereby contributing significantly to India's energy infrastructure growth. This particular bond, denominated in Indian Rupees (INR), was initially issued with a substantial total size of INR 12,000,000,000 (12 billion rupees) and offered an attractive annual coupon rate of 8.55%, providing bondholders with a predictable income stream throughout its tenure. With a minimum investment size set at INR 1,000,000 (1 million rupees), the issuance was primarily targeted towards institutional investors or high-net-worth individuals, characteristic of the wholesale debt market. The bond's lifecycle concluded precisely as planned on December 9, 2021, with its full redemption at 100% of its face value, meaning all principal and outstanding interest obligations were met as promised, underscoring Power Finance Corporation's robust financial management and its consistent commitment to honoring its debt instruments.