Bond PowerFin Corp 7.34% ( INE134E08LE5 ) in INR

Issuer	PowerFin Corp
Market price	100 % ⇌
Country	India
ISIN code	INE134E08LE5 ( in INR )
Interest rate	7.34% per year ( payment 1 time a year)
Maturity	29/09/2035
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Minimal amount	1 000 000 INR
Total amount	17 110 000 000 INR
Next Coupon	29/09/2026 ( In 181 days )
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 article details an obligation issued by Power Finance Corporation, a premier Indian Public Sector Undertaking (PSU) and a Non-Banking Financial Company (NBFC) of strategic importance, centrally involved in the financing and development of India's vast power sector, encompassing generation, transmission, and distribution projects nationwide, thereby playing a critical role in the nation's energy security and infrastructure growth, benefiting from its government ownership under the Ministry of Power, which often implies significant implicit sovereign support. Identified by the ISIN code INE134E08LE5, this bond, issued from India and denominated in Indian Rupees (INR), is currently trading at 100% of its face value, offering an attractive annual interest rate of 7.34%, with its substantial total issue size reaching INR 17,110,000,000 and a minimum purchase size set at INR 1,000,000, making it particularly suitable for institutional or high-net-worth investors seeking exposure to the Indian energy sector's long-term prospects, with maturity scheduled for September 29, 2035, and interest payments distributed annually.