Power Finance Corporation Ltd (PFC) is coming out with a public issue of Secured, Redeemable, Non Convertible Debentures (NCDs) of face value of Rs. 1000 each for an amount of Rs. 5,000 Cr. The Issue is open for subscription on 15 Jan 2021 and closes on 29 Jan 2021 (Early close 18 Jan).
Product Note
Power Finance Ltd NCD Issue Highlights
| Issuer | Muthoottu Mini Financiers Ltd |
|---|---|
| Nature of Instrument | Secured Redeemable NCD |
| Mode of Issue | Public Issue |
| Issue Open | 04 Nov 2020 |
| Issue Close | 18 Oct 2020 |
| Depositories | CDSL / NSDL |
| Registrar | Link Intime India Pvt Ltd |
| Issue Size | 100 Cr |
| Issue Price | 1,000 |
| Face Value | 1,000 |
| Min Application Size | 10,000 |
| Credit Rating | IND BBB |
| Listing | BSE |
| Trading Mode | D'mat form only |
Specific Term of Issue
| I | II | III | IV | V | VI | VII | |
|---|---|---|---|---|---|---|---|
| Interest Frequency | Annual | Annual | Quarterly | Annual | Annual | Quarterly | Annual |
| Period | 3 Years | 5 Years | 10 Years | 10 Years | 10 Years | 15 Years | 15 Years |
| Base Coupon | 4.80% | 5.80% | 6.82% | 7.00% | GSec 10 Yr + 80 bps | 6.97% | 7.15% |
| Effective Yield | 4.802% | 5.80% | 6.99% | 7.00% | 7.15% | 7.15% | |
| Face Value | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Maturity Amt | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
Power Finance Corporation NCD – Registrar & Allotment Link
Registrar – Kfin Tech – allotment link
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