PFC Tax Free Bonds – Oct 2013 – Details
Power Finance Corporation (PFC) has been allotted Rs 5000 crore for raising funds through tax free bonds.
Some of it has already been raised through private placement and approx. Rs 3875 crore is being raised through this issue. From it 40% is reserved for retail investors.
The tax free bonds issue would open from 14-Oct-2013 and close on 17-Nov-2013
The issue size is Rs 750 crore with an option to retain oversubscription up to Rs 3876 crore
Power Finance Corporation
Tax Free Bonds Oct 2013 (Tranche 1)
Details
Series 1B
Series 2B
Series 3B
Tenor
10 Years
15 years
20 years
Interest Paid
Annual
Annual
Annual
Coupon Rate
8.43%
8.79%
8.92%
Effective Pre-Tax Yield
(30% tax slab)
12.20%
12.72%
12.91%
Effective Pre-Tax Yield
(20% tax slab)
10.62%
11.07%
11.23%
Effective...