Instrument Description (Long): |
6.88% 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 -II SERIES - 1). LETTER OF ALLOTMENT. DATE OF MATURITY 28/03/2023. |
Instrument Description(short): |
POWER FINANCE CORPORATION LTD. 6.88/7.38 BD 28MR23 FVRS1000 LOA UPTO 26JU13 |
ISIN: |
INE134E07356 |
|
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: |
(6.88/7.38)% |
|
|
|
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): |
54.73 |
Series (if any): |
Tax Free Bonds (2012-13) Tranche-II Series I |
|
Total Allotment Quantity: |
961954 |
Whether bonds/debentures fall under Infrastructure category as per Government notification: |
No |
|
Date of Allotment: |
28-Mar-2013 |
|
|
Tenure of the instrument at the time of Issuance: |
Year
:
Months
:
Days
:
|
|
|
Frequency of Interest Payment with specified dates: |
ANNUALLY ON 28 MARCH |
Scheduled Opening Date: |
18-Feb-2013 |
|
Put Option with specified dates: |
|
Scheduled Closing Date: |
15-Mar-2013 |
|
Call Option with specified dates: |
|
Actual Closing Date: |
19-Mar-2013 |
|
Redemption Date/Last Conversion Date: |
28-Mar-2023 |
|
|
|
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. to all Allottees underCategory IV for the Tranche I Series 1 Bonds and the Tranche II Series I 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/ loan assets of the Company, together with the underlying security, excluding the receivables on which specific charge has already been created by the Company: |