Bond PowerFin Corp 8.4% ( INE134E08HN4 ) in INR

Issuer	PowerFin Corp
Market price	100 % ⇌
Country	India
ISIN code	INE134E08HN4 ( in INR )
Interest rate	8.4% per year ( payment 1 time a year)
Maturity	29/06/2018 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	12 100 000 000 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. Power Finance Corporation Successfully Redeems INE134E08HN4 Bond at Maturity Power Finance Corporation (PFC), a leading Public Sector Undertaking (PSU) and crucial Non-Banking Financial Company (NBFC) in India, primarily responsible for providing financial assistance to the power sector, has successfully concluded the redemption of one of its significant debt instruments. The bond, identified by the ISIN code INE134E08HN4, reached its maturity date on June 29, 2018, and has subsequently been fully redeemed, signifying the complete fulfillment of the issuer's financial obligations to its bondholders. This particular debt offering, issued in India and denominated in Indian Rupees (INR), featured an attractive annual interest rate of 8.4%, with interest payments disbursed once per year. The total issue size for this bond amounted to INR 12,100,000,000, with a minimum purchase size set at INR 1,000,000, targeting primarily institutional or high-net-worth investors. At its maturity, the bond was settled at 100% of its principal value, confirming a redemption at par and underscoring Power Finance Corporation's robust financial management and commitment to timely repayment within the Indian power financing landscape.