Power Finance Corporation – PFC – leading financial institution on India focused on power sector will issue tax free bonds as detailed below.
Issue Size:
Rs.100/- Crore with option to retain oversubscription up to shelf limit of 3890.25 crore.
Important Dates:
- Issue Open Date: Feb 18, 2013.
- Issue Close Date: Mar 15, 2013.
Credit Rating –
AAA by CRISIL,ICRA,CARE.
Min application amount: Rs.5000/- OR min 5 bonds.
Interest Rates:
Options |
TrancheII-Sr 1 |
Tranche-II-Sr-2 |
Tenure |
10 Years |
15 Years |
Interest Rates for Category IV Investors * |
7.38% |
7.88% |
Interest Payment frequency |
Annual |
Annual |
* Category IV investors – Resident Indian individuals / HUFs through karta applying up to Rs. 10 lakh aggregating across all series.
Rest,investors can opt for physical or demat mode and interest received will be free from income tax under section 10 (15) (iv) (h) of IT act.
