| Instrument Description (Long): |
8.30% Secured Non-Convertible Tax Free Bond. Letter of Allotment.Series- II. Date of Maturity 01/02/2027 |
| Instrument Description(short): |
POWER FINANCE CORPORATION LIMITED SR-II 8.3 BD 01FB27 FVRS1000 LOA UPTO 08MR12 |
| ISIN: |
INE134E07208 |
|
| Type of Instrument: |
Bonds |
|
Face Value (per instrument):: |
1000 |
| Whether Secured or Unsecured: |
Secured |
|
Coupon Basis: |
Fixed Interest |
| Whether Guaranteed or Partially Guaranteed: |
Not guaranteed |
|
Coupon Rate: |
8.30% |
| |
|
|
Details of Variable Coupon Rate: |
- |
| Seniority in Repayment: |
Senior |
|
Day Count Convention: |
Actual/actual |
| Whether tax free: |
Yes |
|
Mode of Issue: |
Public Issue |
If Tax free - Section of The Income Tax Act,1961:  |
Under Section 10(15)(iv)(h) |
|
Issue price (per instrument): |
1000 |
| |
|
Issue Size (in Crores): |
1280.581 |
| Series (if any): |
Tax Free Bonds (2011-12) Series II |
|
Total Allotment Quantity: |
12665512 |
| Whether bonds/debentures fall under Infrastructure category as per Government notification: |
Yes |
|
Date of Allotment: |
01-Feb-2012 |
| |
|
Tenure of the instrument at the time of Issuance: |
Year
:
Months
:
Days
:
|
| |
|
Frequency of Interest Payment with specified dates: |
ANNUALLY ON 15TH OCTOBER |
| Scheduled Opening Date: |
30-Dec-2011 |
|
Put Option with specified dates: |
|
| Scheduled Closing Date: |
16-Jan-2012 |
|
Call Option with specified dates: |
|
| Actual Closing Date: |
12-Jan-2012 |
|
Redemption Date/Last Conversion Date: |
01-Feb-2027 |
| |
|
|
Defaulted in Redemption: |
Not Applicable |
| |
|
|
| If guaranteed, provide complete details regarding the Guarantee: |
Government of India |
|
Redemption Premium Details: |
|
| Step up / Step down coupon basis: |
Step Down |
|
Step up / Step down details: |
|
| Indicate whether Put option will be exercised at Discount/Premium/Par: |
|
|
Put option details: |
|
| Indicate whether Call option will be exercised at Discount/Premium/Par: |
|
|
Call option details: |
|
| Whether Debentures/Bonds are perpetual in nature: |
No |
|
Indicate whether the instrument is rated: |
Yes |
| Type of Convertibility - A: |
Non Convertible |
|
Convertibility details: |
|
| Type of Convertibility - B: |
|
|
Coupon Type: |
Simple |
| Compounding Frequency Details: |
|
|
If secured, provide complete details regarding the assets secured/ Hypothecated/Mortgaged etc.: |
Secured by first pari-passu charge on total receivables of the Company ( excluding those receivables on which specifice charge already created) along with first paripassu charge on immovable property situated at Guindy,Chennai. |
