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The principal amount of the NCDs to be issued in terms of the Shelf Prospectus and this Tranche I Prospectus together with all interest due and payable on the NCDs, thereof shall be secured by way of first pari-passu charge through hypothecation of the book debts/receivables (excluding the receivables on which a specific charge has already been created by the Company), as specifically set out in and fully described in the debenture trust deed in favour of the debenture trustee to the Proposed Issue, such that a security cover of at least 100% of the outstanding principal amounts of the NCDs and interest thereon is maintained at all times until the Maturity Date. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Tranche I Prospectus, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
16-Jan-2026-30-Jan-2026 |
| Security Name |
POWER FINANCE CORPORATION LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
500 |
| Over subscription |
A GREEN SHOE OPTION OF UP TO RS. 4500 CRORE, CUMULATIVELY AGGREGATING UP TO RS. 5000 CRORE. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
CRISIL AAA/Stable by CRISIL, CARE AAA; Stable by CARE and [ICRA]AAA (Stable) by ICRA. |
| Tenor |
5 Years,10 Years,121 months,15 Years |
| Series |
Series1,Series2,Series3,Series4,Series5 |
| Payment Frequency |
Yearly,At the End |
| Objects of the Issue: |
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PUBLIC ISSUE BY OUR COMPANY OF UPTO 50000000 SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000 EACH (EXCEPT IN CASE OF ZERO COUPON NCD, FACE VALUE SHALL BE RS. 100000 EACH), ("NCDs"), FOR AN AMOUNT AGGREGATING UP TO RS. 500 CRORE ("BASE ISSUE SIZE") WITH A GREEN SHOE OPTION OF RS. 4500 CRORE AMOUNTING TO RS. 5000 CRORE ("TRANCHE I ISSUE LIMIT") ("TRANCHE I ISSUE") WHICH IS WITHIN THE SHELF LIMIT OF RS. 10000 CRORE. |
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| Company Promoters |
| The President of India acting through the Ministry of Power, Government of India |
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| Lead Managers |
| 1. Nuvama Wealth Management Limited |
| 2. A.K. Capital Services Limited |
| 3. Tipsons Consultancy Services Private Limited |
| 4. Trust Investment Advisors Private Limited |
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| Registrar to the Issue |
| 1. KFIN TECHNOLOGIES LIMITED |
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