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Personal Finance Blog India –

PFC Tax Free Bonds Oct-2013 @8.92% To Open On 14/10/2013


Power Finance Corporation – A Miniratna status Govt Of India company is engaged in the financing activities of power sector and related projects across the country.

PFC is going to raise Rs.750 crores with an option to retain the over subscription upto shelf limit i.e up to Rs.3875.90 crores.

Imp Dates:

  1. Issue Open Date:14/10/2013
  2. Issue Close Date:11/11/2013

Interest Rates:

Tenure – Yrs

10

15

20

Options

For Category I,II & III

Tranche1/series

1A

2A

3A

Coupon Rate

8.18%

8.54%

8.67%

Options

For Category IV

Tranche 1/Series

1B

2B

3B

Coupon Rate

8.43%

8.79%

8.92%

Interest payout will annual only and no other payout or cumulative option.

Categorywise allocation:

Category I Institutional Investors 15% allocation Of issue size
Category II Non-Institutional Investors 20% of total issue size
Category III HNI – Individuals /HUFs/ NRIs Investing to a value exceeding Rs.10 Lakh 25% of total issue size
Category IV Individuals /HUFs/NRIs investing for Rs.10lakh or less. 40% of total issue size.

Allotment on first come first served basis.

Overall a good issue to invest – high safety and tax free annual income with good rate.


Category: Fixed Income

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Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
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