Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| Issue Open | January 15, 2021 |
| Issue Close | January 18, 2021 |
| Issue Size (Base) | ₹500.00 Crores |
| Issue Size (Shelf) | ₹4,500.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
| Bid/Offer Opens On | January 15, 2021 |
| Bid/Offer Closes On | January 18, 2021 |
| Record Date | |
| Deemed Date of Allotment |
| Tenure | 3 Years | 5 Years | 10 Years | 10 Years | 10 Years | 15 Years | 15 Years |
|---|---|---|---|---|---|---|---|
| Nature | Secured | ||||||
| Series | I | II | III | IV | V | VI | VII |
| Frequency of Interest Payment | Annual | Annual | Quarterly | Annual | Annual | Quarterly | Annual |
| Minimum Application | 10 NCDs (₹10,000) (across all options of NCDs) | ||||||
| In multiples, of | 1 NCD after the minimum application | ||||||
| Face Value of NCDs (₹/NCD) | ₹1,000 | ||||||
| Issue Price (₹/NCD) | ₹1,000 | ||||||
| Coupon for Category I and II | 4.65% | 5.65% | 6.63% | 6.80% | Benchmark FIMMDA 10Yr G-Sec (Annualised) + 55 BPS |
6.78% | 6.95% |
| Coupon for Category III and IV | 4.80% | 5.80% | 6.82% | 7.00% | Benchmark FIMMDA 10Yr G-Sec (Annualised) + 80 BPS |
6.97% | 7.15% |
| Redemption Amount (Rs/NCD) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Redemption Date | 3 Years | 5 Years | 10 Years | 10 Years | 10 Years | 15 Years | 15 Years |
| Effective Yield (% per annum) for Category I and II | 4.65% | 5.65% | 6.79% | 6.80% | - | 6.95% | 6.95% |
| Effective Yield (% per annum) for Category III and IV | 4.80% | 5.80% | 6.99% | 7.00% | - | 7.15% | 7.15% |
| Put and Call Option | Not Applicable | ||||||
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check Power Finance Corporation Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
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