Description

Power Finance Corporation Ltd's new debt securities worth ₹300 crore listed on BSE Debt segment with 7.08% coupon rate and 10-year maturity.

Summary

Power Finance Corporation Ltd has listed new debt securities worth ₹300 crore (3,000 bonds of ₹1 lakh each) on BSE’s Debt segment effective November 28, 2025. The securities were issued on a private placement basis with allotment date November 27, 2025. The bonds carry a 7.08% annual interest rate with AAA credit ratings from CARE, CRISIL, and ICRA, and will mature on November 27, 2035.

Key Points

  • Scrip Code: 977321, Scrip ID: 708PFCL35
  • ISIN: INE134E08NY9
  • Quantity: 300,000 bonds with market lot of 1
  • Face Value/Issue Price: ₹1,00,000 per bond
  • Coupon Rate: 7.08% per annum (paid annually)
  • Tenure: 10 years (November 27, 2025 to November 27, 2035)
  • Credit Ratings: CARE AAA, CRISIL AAA, ICRA AAA
  • Trading: Dematerialized form only
  • Tick Size: 1 paise
  • No put/call options available

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE134E08NY9
  • Members should refer to the Placement Memorandum available at BSE’s debt memorandum portal for complete details
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: November 27, 2025
  • Listing Date: November 28, 2025
  • First Interest Payment: November 27, 2026
  • Subsequent Interest Payments: Annually on November 27 each year
  • Maturity/Redemption Date: November 27, 2035

Impact Assessment

Market Impact: Low - This is a routine private placement debt listing that affects only institutional debt market participants. No impact on equity markets or retail investors.

Operational Impact: Minimal - Standard listing procedure for BSE debt segment trading members. Securities will trade in dematerialized form with established protocols.

Investor Impact: Limited to institutional investors and qualified buyers participating in the private placement. The AAA ratings across all three major rating agencies indicate highest credit quality.

Impact Justification

Routine debt security listing notification for institutional investors with no immediate market impact on equity trading or regulatory compliance changes.