Description

BSE announces listing of two new debt securities issued by Power Finance Corporation Ltd on private placement basis with face value of Rs. 1,00,000 each, effective November 4, 2025.

Summary

BSE has listed two new debt securities issued by Power Finance Corporation Ltd (PFCL) on private placement basis, effective November 4, 2025. The first security (Scrip Code 977271) is a 7.1% coupon bond maturing on November 12, 2040, with 248,600 units issued. The second security (Scrip Code 976774) is a 6.59% coupon bond maturing on October 15, 2030, with 250,000 units issued as further issuance under existing ISIN. Both securities carry triple-A ratings from CARE, CRISIL, and ICRA.

Key Points

  • Two new debt securities of Power Finance Corporation Ltd listed on BSE Debt segment
  • First security: PFCL-7.1%-12-11-40-PVT (ISIN: INE134E08NX1), Scrip Code 977271
  • Quantity: 248,600 units, Face Value: Rs. 1,00,000, Issue Price: Rs. 1,00,000
  • Interest Rate: 7.1% p.a., payable annually from November 3, 2026 to November 12, 2040
  • Maturity Date: November 12, 2040
  • Second security: PFCL-6.59%-15-10-30-PVT (ISIN: INE134E08NU7), Scrip Code 976774
  • Quantity: 250,000 units (further listings under same ISIN)
  • Face Value: Rs. 1,00,000, Issue Price: Rs. 1,01,447.9452
  • Interest Rate: 6.59% p.a., payable annually from June 11, 2026 to October 15, 2030
  • Maturity Date: October 15, 2030
  • Date of Allotment for both: November 3, 2025
  • Credit Rating: CARE AAA/Stable, CRISIL AAA/Stable, ICRA AAA/Stable for both securities
  • Securities will trade only in dematerialized form
  • Tick size: 1 paise
  • Market Lot: 1 unit for both securities
  • No put/call options available

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must note that these securities will be traded only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • For clarifications, trading members may contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: November 3, 2025 (both securities)
  • Listing Date: November 4, 2025 (effective date)
  • Interest Payment - Security 1: Annually from November 3, 2026 to November 12, 2040
  • Interest Payment - Security 2: Annually from June 11, 2026 to October 15, 2030
  • Redemption Date - Security 1: November 12, 2040
  • Redemption Date - Security 2: October 15, 2030

Impact Assessment

This is a routine debt securities listing with minimal market impact. The listing adds approximately Rs. 2,486 crores (248,600 units) and Rs. 2,500 crores (250,000 units) worth of debt securities to the BSE Debt segment. Power Finance Corporation Ltd, being a government-owned infrastructure financing company, regularly issues debt securities. The triple-A ratings from all three major rating agencies indicate highest credit quality. The listing provides institutional investors with additional investment options in highly-rated corporate bonds. No impact on equity markets or broader trading operations expected.

Impact Justification

Routine debt securities listing for Power Finance Corporation with no impact on equity trading or broader market operations