Power Finance Corporation Limited

Public Issue Of Secured, Listed, Redeemable NCD

Power Finance Corporation Limited

Base Issue Size of Rs 500 Crores with an Green Shoe Option of Rs 4500 crores Aggregating to Rs 5000 Crores

AAA/Stable by CRISIL Limited, ICRA Limited, & CARE Ratings Limited

Rs. 10,000 (10 NCDs) collectively across all the Options and in multiples of Rs. 1,000 (1 NCD) thereafter

Mode Of Allotment: Demat Form Only

Face Value of Bond: ₹ 1,000 (for series I, II, IV and V) for all category of investors

Face Value of bond (for series III) Zero Coupon Bond. Category I and II: ₹51,502/NCD Category III: ₹51,263/NCD Category IV: ₹50,780/NCD

The NCDs shall be listed on NSE.

Mode Of Application: ASBA and UPI

Category Wise Issue Allocation for Secured NCD: -

Category I QIB’s	Category II- Corporate’s	Category III- HNI’s	Category IV- Retail Individual
10% (500 cr)	10% (500 cr)	40% (2000 cr)	40% (2000 cr)

*On first come first serve basis to be determined on the basis of the bid uploads made with the scheduled Stock Exchanges.

Final Terms of the Issue:

Series	I	II*	III	IV	V
Frequency of Interest Payment	Annual	Annual	Zero Coupon NCD	Annual	Cumulative
Tenor from Deemed Date of Allotment	5 years	10 years	10 years 1 Month	15 years	15 years
Face Value (₹ / NCD)	₹1,000	₹1,000	₹ 1,00,000	₹1,000	₹1,000
Minimum Application (₹)	₹ 10,000 (10 NCD) and in multiple of ₹1,000 (1 NCD) thereafter. Except in case of Series III NCDs (zero coupon NCD), the minimum application shall be 1 NCD and in multiple of 1 NCD thereafter. (For Series III NCDs, the minimum application amount shall be ₹ 51,502.00 for Category I and II; ₹ 51,263.00 for Category III and 50,780.00 for Category IV)
Issue Price of NCDs (₹/ NCD) for NCD Holders in Category I and Category II	₹1,000	₹1,000	₹ 51,502.00	₹1,000	₹1,000
Issue Price of NCDs (₹/ NCD) for NCD Holders in Category III	₹1,000	₹1,000	₹ 51,263.00	₹1,000	₹1,000
Issue Price of NCDs (₹/ NCD) for NCD Holders in Category IV	₹1,000	₹1,000	₹ 50,780.00	₹1,000	₹1,000
Coupon (% p.a.) Category I and II	6.85%	7.00%	NA	7.05%	NA
Coupon (% p.a.) Category III (HNI & Retail more than 10 L)	6.90%	7.10%	NA	7.20%	NA
Coupon (% p.a.) Category IV (HNI & Retail less than 10 L)	7.00%	7.20%	NA	7.30%	NA
Amount (₹ / NCD) on Maturity for NCD Holders in Category I and Category II	₹1,000	₹1,000	₹ 1,00,000	₹1,000	₹ 2,780.50
Amount (₹ / NCD) on Maturity for NCD Holders in Category III	₹1,000	₹1,000	₹ 1,00,000	₹1,000	₹ 2,839.56
Amount (₹ / NCD) on Maturity for NCD Holders in Category IV	₹1,000	₹1,000	₹ 1,00,000	₹1,000	₹ 2,879.58
Effective Yield Category I and II	6.85%	6.99%	6.80%	7.04%	7.05%
Effective Yield Category III	6.90%	7.09%	6.85%	7.19%	7.20%
Effective Yield Category IV	7.00%	7.19%	6.95%	7.29%	7.30%
Maturity / Redemption Date (from the Deemed Date of Allotment)	5 years	10 years	10 years 1 Month	15 years	15 years
Nature of In debtness	Secured
Put and Call Option	Not Applicable
Termsheet	Click Here

*The Company shall allocate and allot Series II NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

How to Open Demat Online with GEPL Capital

Step 1: Enter OTP received on the registered Mobile Number.

Step 2: Fill Date of Birth, PAN details, Email Address and Bank Account Details.

Step 3: Details of your demat account are sent to you on your registered mail address.