PFC Tax Free Bond 1 Issue- 8.92 % Oct 2013

Power Finance Company (PFC) launched public Issue of Tax Free Bond Issue

Issue Early closer – 5 Oct 2013    Listing Date – 20 Nov 2013

[wptabs style=”smoothness” mode=”horizontal”]

[wptabs style=”wpui-blue” mode=”horizontal” background=”false”]

[wptabtitle] Product Note[/wptabtitle] [wptabcontent]Issue Highlight –Tranche 1 

Issue Structure –

Cheque Details-  

Retail Investor                  : ” PFC Tax Free Bonds 2013-Escrow Account – R “

NRI  Investor 

Repatriation basis       :  ”  PFC TAX FREE BONDS 2013 – ESCROW ACCOUNT – NR REPAT“

Non Repatriation basis: “PFC TAX FREE BONDS 2013 – ESCROW ACCOUNT – NR NON – REPAT  “

 Note :   Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)

Bankers :  Axis Bank, Kotak Bank , HDFC Bank, IDBI Bank, ICICI Bank, IndusInd Bank , SBI , Union Bank , PNB, Yes Bank [/wptabcontent]

[wptabtitle] About Issue[/wptabtitle] [wptabcontent]About the Issuer

• Conferred with Mini Ratna ( Category – I ) status in 1998 and notified as a Navratna company by the Govt. of India in 2007.
• Listed government company and public financial institution providing comprehensive range of financial products and related advisory services from project conceptualization to post-commissioning stage for clients in the power sector
• Registered with RBI as a non-deposit taking systemically important NBFC classified as an IFC in July 2010
• PFC is an integral part of, and continues to play a strategic role in, GoI’s initiatives for development of power sector in India.

 Business Activities

• Comprehensive range of financial products to clients in power sector :

• Fund-based financial products including long-term project finance short-term loans, buyer’s line of credit and debt refinancing schemes.
• Non-fund based assistance including default payment guarantees and letters of comforts

• Fee-based technical advisory and consultancy services for power sector projects

Financial Performance

• Total loan assets increased from 1,60,366.60 Cr. As on Mar 31., 2013
• Total ncome  4419.60 Cr as on 31 Mar., 2013
• Profit after Tax 4419.60 Cr. As on 31 Mar., 2013
• Gross NPAs  1134.52 Cr. As on 31 Mar., 2013
• Net worth as of March 31, 2013 was 22,351.41 Cr. (0.71% of total loan assets)
• Capital adequacy ratio  17.98 % as on Mar 31 2013

 Benefit to Investor

• The Income by way of Interest on these Bonds is fully exempt from Income Tax as per provision under section 10(15) (iv) (h) of IT act. ( Tax Free Bond Interest  not part of Total Income)
• No deduction of TDS from the interest
• No upper limit on investment amount
• No lock in period for the Bonds
• The Bonds shall be listed and can be traded on BSE
• Capital Gain Benefit – capital gain arising on the transfer of listed bonds shall be taxed @ 10% without Indexation or @20% with Indexation.

 Pre Tax Returns are very attractive

[/wptabcontent]

[wptabtitle] How to Apply[/wptabtitle] [wptabcontent]

First read details about Issue & clear all doubts before apply Issue. If follow process 100% allotment chances.  Major reason for rejection is non proper filling Form.

• Every Application Form is unique Application No. (Same Application No use by two Applicant
• Bidding Process : Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange
• Allotment on First come First serve Basis , Are you interested to Invest then submit Form early as possible (Application money Interest paid by Issuer )

[/wptabcontent]

[wptabtitle]Listing[/wptabtitle] [wptabcontent]

Listing Date :

Allotment Date :

Registrar of Issue :      Karvy Computershare Pvt Ltd

Allotment link               After issue closed updated

Trustee for Bondholders : IL & FS  Trustee Company Ltd

 Depositories :  NSDL & CDSL

[/wptabcontent]

[/wptabs]

Application Form & Investment Call : Rajendra 800 775 0904

Contact Us

rajendra@puneinvest.com

Mobile 7719917444