This entry is part 3 of 13 in the series Tax Bonds

PFC Ltd has launched its Tax Free Bond Issue of Rs. 1000 Cr. with right to retain over Subscription upto 4590 Cr.


Issue Details

Issuer Power Finance Corporation Ltd (PFC)
Issue Open 14 Dec. 2012
Issue Close 21 Dec., 2012
Nature of Instrument Secure
Credit Rating  ICRA – AAA, CRISIL – AAA/stable
Option to retain oversubscription Upto shelf limit  – 4590 Cr
Issuance D’mat Form or physical form
Trading D’mat Form only


Option Series I Series II
Frequency of Interest Payment Annual Annual
Minimum Application 5 Bond 5 Bond
in multiple of 1 Bond 1 Bond
Face Value 1000 1000
Coupon Rate (%)  Category I – II – III 7.19% 7.36%
Additional  Coupon Rate for Category IV 0.50% 0.50%
Aggregate Coupon Rate for Category IV 7.69% 7.86%
Tenor 10 Years 15 Years


 *Allotment is on First Come First Serve Basis.


Document Required for Physical Mode 

  •  Self attested copy of Pan Card
  • Self attested copy of Address Proof (Valid)
  • Self attested copy cancelled Cheque of the bank account to which the amount pertaining to payment of refunds, Interest and Redemption , as applicable, should be credited.