Description

Power Finance Corporation Ltd listed new debt securities on BSE Debt segment with two series totaling Rs. 4,986 crores, maturing in 2030 and 2040.

Summary

Power Finance Corporation Ltd has listed new debt securities on BSE Debt segment effective November 4, 2025. Two series of privately placed debentures worth Rs. 4,986 crores have been admitted to trading. Both securities carry AAA ratings from CARE, CRISIL, and ICRA.

Key Points

  • Series 1 (Scrip Code: 977271): Rs. 2,486 crores, 7.1% coupon, maturing November 12, 2040
  • Series 2 (Scrip Code: 976774): Rs. 2,500 crores, 6.59% coupon, maturing October 15, 2030 (further listing under existing ISIN)
  • Date of allotment: November 3, 2025
  • Face value: Rs. 1,00,000 per debenture for both series
  • Market lot: 1 unit
  • Trading only in dematerialized form
  • Tick size: 1 paise
  • Triple AAA rating from CARE, CRISIL, and ICRA with Stable outlook

Security Details

71PFCL40 (ISIN: INE134E08NX1)

  • Quantity: 248,600 debentures
  • Interest rate: 7.1% per annum
  • Interest payment: Annually from November 3, 2026 to November 12, 2040
  • Redemption date: November 12, 2040
  • Issue price: Rs. 1,00,000
  • No put/call option

659PFCL30 (ISIN: INE134E08NU7)

  • Quantity: 250,000 debentures
  • Interest rate: 6.59% per annum
  • Interest payment: Annually from June 11, 2026 to October 15, 2030
  • Redemption date: October 15, 2030
  • Issue price: Rs. 1,01,447.95
  • No put/call option
  • This is a further listing under the same ISIN

Regulatory Changes

No regulatory changes. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Placement Memorandum available at BSE debt memorandum section
  • Queries to be directed to BSE Debt Department at contact numbers: 22728352/8597/8995/5753/8915

Important Dates

  • Allotment date: November 3, 2025
  • Listing date: November 4, 2025
  • First interest payment (71PFCL40): November 3, 2026
  • First interest payment (659PFCL30): June 11, 2026
  • Maturity (659PFCL30): October 15, 2030
  • Maturity (71PFCL40): November 12, 2040

Impact Assessment

This is a routine debt listing with minimal market impact. The securities are privately placed and targeted at institutional investors. The AAA ratings indicate high credit quality. The listing provides additional liquidity options for debt market participants and reflects Power Finance Corporation’s continued access to debt capital markets. No impact on equity markets or broader regulatory framework.

Impact Justification

Routine debt listing notification with no impact on equity trading or regulatory changes. Informational for debt market participants only.