Company Profile
• A leading financial institution in India focused on the power sector
• The company was established as an integral part of, and continues to play a strategic role in the
GoIs initiatives for the development of the power sector in India
• The company is a listed government company and a public financial institution under the
Companies Act
• It is registered with the RBI as a non-deposit taking systemically important NBFC and classified
as an IFC in July 2010
• The Company was conferred with the “Mini Ratna” (Category – I) status in the year 1998 and on
June 22, 2007, was notified as a Navratna company by the GoI
Key Strengths:
• Comprehensive financial assistance platform focused on the Indian power sector
• Strategic role in GoI initiatives and established relationships with power sector participants
• Operational flexibility to capitalize on both fundraising and lending opportunities
• Favourable credit rating and access to various cost-competitive sources of funds
• Comprehensive credit appraisal and risk management policies and procedures
• Track record of consistent financial performance and growth
• Experienced and committed management and employee base with in-depth sector expertise
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| Issuer | Power Finance Corporation Limited. |
|---|---|
| Issue opening date | 14-Oct-13 |
| Issue closing date | November 11, 2013. |
| Issue Price (in Rs.) | Rs. 1000 |
| Face Value ( Rs. ) | Rs. 1000 per Bond |
| Minimum Application | 5 Bonds (Rs 5000) across all Series of Bonds. |
| In Multiples of | 1 Bond (Rs 1000) |
| Credit ratings | “[ICRA] AAA” by ICRA, “CRISIL AAA/ Stable” by CRISIL, “CARE AAA” by CARE |
| Listing | BSE. |
| Issue Size (Rs) | Rs 750 crores with an option to retain oversubscription upto the Rs 3875.90 Crs. |
| Debenture Trustee | IL & FS Trust Company Limited. |
| Depositaries | NSDL and CDSL |
| Series | Tranche I Series 1 A | Tranche I Series 2 A | Tranche I Series 3 A |
|---|---|---|---|
| Frequency of Interest Payment | Annual | Annual | Annual |
| Minimum Application | 5 Bonds (5,000) | 5 Bonds (5,000) | 5 Bonds (5,000) |
| Coupon rate (%) p.a. for Category I, II, and III | 8.18% | 8.54% | 8.67% |
| Annualized yield(%) p.a | 8.18% | 8.54% | 8.67% |
| Coupon Rate (%) p.a IV | 8.43% | 8.79% | 8.92% |
| Annualized yield(%) p.a.IV | 8.43% | 8.79% | 8.92% |
| Tenor | 10 Years | 15 Years | 20 Years |
| Redemption Date | 10 years from the Deemed Date of Allotment | 15 years from the Deemed Date of Allotment | 20 years from the Deemed Date of Allotment |
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Important Information (Instruction)
Please take print of the Application Form A4 / A3 paper size.
Attach following document along with the application form : –
1] PAN Card, Address Proof and Cheque Photo Copy attested by the Investor,
2] Bidding is mandatory.
3] Cheque / DD should be drawn in favour of “PFC Tax Free Bonds – 2013 – Escrow Account ‐ R”.
4] On First come First Serve Basis.
5] Keep photocopy of application form for your record.
6] Submit / deposit your NCD application form in Listed/ Design Bank Branches after Bidding.
7] To record and track the status/allotment of your application form, send us the Photocopy / soft copy Application Form/ Acknowledgement Slip on our Address or on email id.
8] The actual bond will reflect in your demat account within 8-12 weeks time from date of allotment.
9] Free Home Service is available.*
10)Issuance : In dematerialized form as well as in physical form at the option of the Applicant.
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Who can apply / invest ?
Resident Indivdual / Corporate Company/HUF/NRI
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|
Profits & Dividend( in Crs ) |
|||
|
Years |
Profit Before Tax |
Profit After Tax |
Dividend % |
|
2013 |
5,993.52 |
4,437.74 |
70% |
|
2012 |
4,145.85 |
3,058.85 |
60% |
|
2011 |
3,585.59 |
2,647.12 |
50% |
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