| Instrument Description (Long): |
7.36% FOR CATEGORY I, II, III AND IV (COMPANY SHALL PAY AN ADDITIONAL INTEREST AT THE RATE OF 0.50% p.a. TO ORIGINAL ALLOTTEES UNDER CATEGORY IV AS PER THE TERMS OF THE ISSUE)TAX FREE SECURED REDEEMABLE NON CONVERTIBLE BONDS. (TRANCHE - I SERIES - II). DATE OF MATURITY 04/01/2028. |
| Instrument Description(short): |
POWER FINANCE CORPORATION LIMITED 7.36 BD 04JN28 FVRS1000 |
| ISIN: |
INE134E07349 |
|
| 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: |
7.36% |
| |
|
|
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): |
171.215 |
| Series (if any): |
Tax Free Bonds (2012-13) Tranche-I Series II |
|
Total Allotment Quantity: |
3427490 |
| Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
|
Date of Allotment: |
04-Jan-2013 |
| |
|
Tenure of the instrument at the time of Issuance: |
Year
:
Months
:
Days
:
|
| |
|
Frequency of Interest Payment with specified dates: |
ANNUALLY |
| Scheduled Opening Date: |
14-Dec-2012 |
|
Put Option with specified dates: |
|
| Scheduled Closing Date: |
27-Dec-2012 |
|
Call Option with specified dates: |
|
| Actual Closing Date: |
27-Dec-2012 |
|
Redemption Date/Last Conversion Date: |
04-Jan-2028 |
| |
|
|
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 Up |
|
Step up / Step down details: |
An additional interest at the rate of 0.50% p.a. payable to all Allottees under Category IV for Tranche I Series II Bonds |
| 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. |
