Description

Power Finance Corporation Ltd has listed new debt securities worth ₹300 crore with 7.08% interest rate, maturing on November 27, 2035, on BSE Debt segment.

Summary

BSE has announced the listing of new debt securities issued by Power Finance Corporation Ltd on a private placement basis, effective November 28, 2025. The securities comprise 300,000 bonds with a face value of ₹1,00,000 each, carrying a 7.08% annual interest rate and maturing in 2035. The securities carry AAA ratings from CARE, CRISIL, and ICRA, and will be traded only in dematerialized form.

Key Points

  • Total quantity: 300,000 bonds (₹3,000 crore)
  • Face value: ₹1,00,000 per bond
  • Scrip Code: 977321, Scrip ID: 708PFCL35
  • ISIN: INE134E08NY9
  • Interest rate: 7.08% per annum (paid annually)
  • Credit ratings: CARE AAA, CRISIL AAA, ICRA AAA
  • Market lot: 1 bond
  • Tick size: 1 paise
  • Trading only in dematerialized form
  • No put/call options available

Regulatory Changes

No regulatory changes. This is a standard listing announcement for debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE134E08NY9
  • 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 at 22728352/8597/8995/5753/8915

Important Dates

  • Date of allotment: November 27, 2025
  • Listing date: November 28, 2025
  • First interest payment: November 27, 2026
  • Subsequent interest payments: Annually on November 27 (until 2035)
  • Maturity date: November 27, 2035

Impact Assessment

This is a routine debt security listing with minimal market impact. The securities are institutional in nature given the high face value of ₹1 lakh per bond. The AAA ratings from all three major rating agencies indicate strong creditworthiness. There is no impact on equity markets or retail investors. This listing expands the debt instruments available on BSE’s debt segment for institutional investors and provides Power Finance Corporation with long-term capital at a 7.08% interest rate.

Impact Justification

Routine debt listing announcement for institutional debt securities with no impact on equity trading or regulatory changes