
Issuer Overview:
Power Finance Corporation Limited (PFC) is one of the leading financial institutions in India, focused on the power sector. The Company is a listed government of India (GoI) company and a public financial institution under the Companies Act, 2013. The Company is registered with the RBI as a non-deposit taking systemically important non-banking financial company (NBFC), and was classified as an Infrastructure Finance Company (IFC) on July 28,2010.
Summary Of Issue:
Issuer | Power Finance Corporation Limited |
Type of instrument | Secured redeemable non-convertible debentures |
Nature of instrument / Seniority | Secured redeemable non-convertible debentures |
Mode of issue | Public Issue |
Listing | The NCDs shall be listed on the BSE Limited (Stock Exchange) within six Working Days from the Issue Closing Date |
Rating of the instrument | ‘CARE AAA; Stable’ by CARE; ‘CRISIL AAA / Stable’ by CRISIL; and ‘[ICRA]AAA(Stable)’ by ICRA |
Base Issue size | Rs. 500 cr |
Option to retain oversubscription | Rs. 4500 cr |
Day count basis | Actual / Actual. |
Issue Price (in Rs.) | Rs. 1000 per NCD |
Call/Put Date | Not Applicable |
Face Value (in Rs.) | Rs. 1,000 per NCD |
Minimum application size and in multiples of debt securities thereafter | Rs. 10,000 (10 NCDs)across all series collectively and in multiples thereafter of ₹ 1000 (1NCDs) thereafter. |
Issue Timing
1. Issue Opening Date 2. Issue Closing Date 3. Pay-in Date |
1. January 15, 2021
2. January 29, 2021 Application date (the entire application amount is payable on application date)
|
Deemed Date of Allotment | The date on which the Authorized Officials approve the Allotment of the NCDs for this Tranche I Issue, or such other date as may be determined by the Authorized Officials and notified to the Stock Exchange. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment. All benefits relating to the NCDs including interest on NCDs (as specified in this Tranche I Prospectus for this Tranche I Issue)
shall be available to the Debenture Holders from the Deemed Date of Allotment. |
Issuance mode of the instrument | Dematerialised form only. |
Trading | In dematerialised form only. |
Security cover | 100% of the amount of outstanding NCDs and the interest thereon at any point of time. |
Security | The principal amount of the NCDs to be issued in terms of this Trance I Prospectus together with all interest accrued on the NCDs shall be secured by way of first pari passu charge through hypothecation of the book debts/receivables (excluding the receivables on which a specific charge has already been created by the Company) |
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Registrar To The Issue:-
- Integrated Registry Management Services Private Limited
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