11 January 2012

PFC Tax Free Bonds - Issue closes 16th Jan'12

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Rated CRISIL "AAA", ICRA "AAA"
Earn up to 8.3% p.a.

Issue Highlights :
 

üTax Free Bonds in the nature of secured, redeemable, non convertible debentures
üRated “AAA” by CRISIL & ICRA respectively
üInterest Income on the Bonds is tax-free in nature
üOption of Issuing either in Demat form or physical form
üWho can Apply- Resident Individuals, HUFs, QIBs, Corporates, NRIs (both NRE & NRO)
üTo be listed on BSE
 
About the Company
  • Incorporated by Government of India as a financial institution in 1986
  • Aims to finance, facilitate & promote power sector development in India
  • Net Worth- Rs. 15411.80 crores as on
    March 31st, 2011
  • Share Capital- Rs 1147.76 crores as on March 31st, 2011
.
Details of the issue :
.
ParticularsSeries 1Series 2
Tenure10 years15 years
Issue Opens30th December 2011
Issue Closes16th January 2012
Issue SizeIssue aggregating to Rs 4033.13 crores
Rate of Interest8.20% p.a.8.30% p.a.
Interest paymentAnnual
RatingCRISIL "AAA", ICRA "AAA"
Face ValueRs. 1000
Who can apply Resident Individuals/HUF/QIBs/Corporates/NRIs(both NRE & NRO)
Redemption10 years from the deemed date of allotment15 years from the deemed date of allotment
ListingBSE
Minimum SubscriptionRs. 10,000 and in multiples of Rs. 5000 thereafter
RegistrarsKarvy Computer Pvt. Ltd.
Maturity AmountRepayment of the Face Value plus any interest that may have accrued at the Redemption
Basis of Allotment:
CategoryPortionAllotment BasisSize (%)
QIBs and Corporates
(Category I)
InstitutionalFirst Come, First Serve basis50% of overall issue size
Resident Individuals, HUFs, NRIs (Investment > 5 lakhs) (Category II)HNIsFirst Come, First Serve basis25% of overall issue size
Resident Individuals, HUFs, NRIs (Investment < 5 lakhs) (Category III)RetailFirst Come, First Serve basis25% of overall issue size

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