About Power Finance Corporation:
Power finance corporation (PFC), is a Govt Of India undertaking institute engaged in project finance of power and energy sector.PFC is actively engaged in finance of power plants,Hydroelectric and wind energy plants and various projects envolving generation,distribution and transmission as well as for renovation & modernization of existing power plants,along with consulting assignments of power sector.
This is second issue in this year after IFCI.
PFC 80-ccf Infrastructure Bonds Issue:
Issue Details:
| Series | 1 | 2 | 3 | 4 |
| Face Value | Rs. 5000 | 5000 | 5000 | 5000 |
| Interest Payment Frequency | Annual | Cumulative | Annual | Cumulative |
| Buyback Facility | Yes | Yes | Yes | Yes |
| Interest Rate | 8.50% | 8.50% | 8.75% | 8.75% |
Other Details:
Issue start date: 29th sept.
Issue close date: 04 th Nov. 2011.
Tax benefit: Max upto Rs. 20,000/- U/S. 80-CCF.
Credit Rating:
| Rating | Rating Agency |
| AAA / Stable | CRISIL |
| AAA-Stable | ICRA |
The ratings indicate highest safety and stable outlook.
Maturity:
Bonds with maturity of 10yrs will be issue in series 1 and 2, with buyback option available after 5 yrs.while for series (3)& (4) maturity period is of 15 yrs and buyback is possible after completion of 7 yrs.
Bonds can be applied in demat as well physical mode.The bonds will be listed at BSE and can be traded only after completion of 5 yrs.
Documents required:
1.Demat mode: Cheque and self attested copy of pan card.Bank account ,nominee details will be picked from registry of demat account.Interest,refund or maturity amount will be credited in bank account linked with your demat account.
2.Physical mode: Cheque,Self attested copy of pan card , address proof and cancelled copy of cheque.
If you wish to receive forms through speed post / courier , send me your address to my email id: ppdeshpande123@gmail.com.Please send complete postal address with pincode,phone number, name of issue and number of forms..
You can submit form in your city or send back to us with requistic documents and at par cheque(This is very important,cheque should be at par/CBS clearing which is indicated on cheque leaflet..).Scanned receipt will be send back to investor through email.
// Updates as on 18/10/2011:
As more than sufficient requestes have reached for forms through courier/ speed post,this facility have closed for now.
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Dear Sir,
Subject: Change the name of Bondholder
Bond Details: Power Finance Corporation Ltd.
Registered Folio No: PFA0406693
Certificate No: 406693
ISIN: INE134E07109
Name of Bondholder: PATEL DIPAKKUMAR MANEKLAL
No Of Bonds: 4
Distinctive No(s) : 0000026258-0000026261
My father was holding the above referred bond & i regret to inform u, he has expired on 21st September 2012, so now i would like to transfer bond in my favour.
Kindly inform me the procedure to under taken.
Should you need any further information or need any clarification,please do let me know.
Best Regards,
JAY DIPAKKUMAR PATEL ( Son of late shri PATEL DIPAKKUMAR MANEKLAL)
Cxxxxxxxxxxx,
Sonal Cross Road,
Memnagar,Gurukul Road,
Ahmedabad-380052
Gujarat,India
Mo. No:-95584xxxxx
Sad to know.
but you need to contact registrars of this issue.
If nomination is registered then overall process may be smooth.
contact e-mail id / address will be available on the bonds certificate received to you..you need to communicate them with regard to this issue.
i wanna buy infra bonds can you please tell me that is there any infra bonds available what is the last date and from where i can purchase that.
Currently PFS and IFCI Series-5 are on..
To invest you can find broker nearer to you.
Dear Sir
I have purchased 4 (Rs.20000) Power fianace corporation infra bond-march 2011.but till today I have not received physical certificate
I request you to send my Bond certificate
Regards
Sushil Kumar Pandey
A-9 IEL COLONY GOMIA
Hi,
Please contact the person through whom you have bought it.
Can you please provide the link to check the allotment status for the PFC Infra Bonds 2011? When these bonds will be credited to the respective demat accounts or dispatch date of the physical certificates?
sorry, the PFC issue has closed on 4th Nov 2011. You can apply for IFCI Infra bonds which will also close soon. A couple of others should follow as well.
I would like to invest into PFC long term infrastructure bond how do i do that?