Power Finance Bonds Application Form – Download PFC Bond Form

ISSUE: Power Finance Corporation Limited Bonds (TAX FREE PFC Bonds).

Issue Opening Date: December 14, 2012
Issue Closing Date: December 21, 2012

DOWNLOAD: Power Finance Bond Application Form (CLICK HERE)

Issue Structure:

Issuer: Power Finance Corporation Limited

Type of instrument: Tax free bonds of face value of Rs 1,000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under section 10(15)(iv)(h) of the Income Tax Act, to be issued in one or more tranches on the terms and conditions as set out in Prospectus Tranche -I

Nature of the instrument: Secured

Seniority: Pari passu with other secured creditors

Mode of the issue: Public issue

Interest rate: @ the rate of 7.19% p.a. and 7.36%p.a. on Tranche 1 Series 1 and Tranche 1 Series 2 respectively for allottees under Category 1, Category II and Category III Portion, and @ the rate of 7.69% p.a. and 7.86% p.a. on Tranche 1 Series 1 and Tranche 1 Series 2 respectively for allottees under Category IV Portion. (subject to deduction of tax at source, as applicable)

Interest type:  Fixed

Frequency of interest payment: Annual

Day count basis: Actual/ actual

Interest on application money: @ the rate of 5.00 % p.a. for all Category Portions , (except for ASBA Applicants), (subject to deduction of tax at source, as applicable)

Tenor / Maturity: 10 years and 15 years from the Deemed Date of Allotment

Redemption Date: 10 years and 15 years from the Deemed Date of Allotment

Redemption Amount: The principal amount on the Bonds along with interest accrued on them as on the Redemption Date

Issue Price (in Rs.): Rs. 1,000

Discount at which security is issued and the effective yield as a result of such discount: Not applicable

Put /Call Option: Not applicable

Face value: Rs. 1,000

Minimum application size: 5 Bonds (Rs. 5,000) across all the Series of Bonds and in multiples of 1 Bond (Rs. 1,000) thereof

Market Lot/ Trading Lot: One Bond

Pay-in date: Application Date

Credit ratings: “ICRA AAA” by ICRA, “CRISIL AAA” by CRISIL

Listing: BSE

Issue size: Rs. 1,000 crores

Option to retain oversubscription: Upto shelf limit of Rs. 4,590 crores

Debenture Trustee: IL & FS Trust Company Limited

Depositaries: NSDL and CDSL

Registrar: MCS Limited

Issuance: Dematerialised form or physical form* as specified by an Applicant in the Application Form

Trading: In dematerialised form only

Issue opening date: December 14,2012

Issue closing date: December 21,2012. The Issue shall remain open for subscription from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) for the period indicated above, except that the Issue may close on such earlier date (such early closure being subject to the Category IV Portion being fully subscribed prior to such early closure) or extended date as may be decided by the Board or the a duly constituted committee thereof, subject to necessary approvals. In the event of an early closure or extension of the Issue, our Company shall ensure that notice of the same is provided to the prospective investors through an advertisement in a reputed daily national newspaper on or before such earlier or extended date of Issue closure

Deemed date of Allotment: The date on which the Board of Directors/or any committee thereof approves the Allotment of the Bonds for each Tranche Issue or such date as may be determined by the Board of Directors/ or any committee thereof and notified to the Designated Stock Exchange. All benefits relating to the Bonds including interest on Bonds (as specified for this Issue in this Prospectus Tranche Issue-I) shall be available to the Bondholders from the Deemed Date of Allotment

>>> PFC Bonds Application Form: DOWNLOAD HERE