NCD Issue Power Finance Corporation – Jan 2021

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

IssuerMuthoottu Mini Financiers Ltd
Nature of InstrumentSecured Redeemable NCD
Mode of IssuePublic Issue
Issue Open04 Nov 2020
Issue Close18 Oct 2020
DepositoriesCDSL / NSDL
RegistrarLink Intime India Pvt Ltd
Issue Size100 Cr
Issue Price1,000
Face Value1,000
Min Application Size10,000
Credit RatingIND BBB
Trading ModeD’mat form only

Specific Term of Issue

Interest FrequencyAnnualAnnualQuarterlyAnnualAnnualQuarterlyAnnual
Period3 Years5 Years10 Years10 Years10 Years15 Years15 Years
Base Coupon4.80%5.80%6.82%7.00%GSec 10 Yr + 80 bps6.97%7.15%
Effective Yield4.802%5.80%6.99%7.00%7.15%7.15%
Face Value1,0001,0001,0001,0001,0001,0001,000
Maturity Amt1,0001,0001,0001,0001,0001,0001,000


Power Finance Corporation  NCD – Registrar & Allotment Link 

Registrar – Kfin Tech – allotment link