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What is Power Finance about?

This bond issued by Power Finance Corporation Ltd has a coupon rate of 7.15% and matures on 22nd January 2036. It currently yields 6.90% and is trading at a premium to its issue price of Rs. 1,000. The bond will provide annual interest payments until final redemption of the principal amount at maturity in approximately 13 years and 1 month. It carries high ratings of AAA from CRISIL and does not have any optional put or call redemption features before the final maturity date.

Author

Mrigank Mauli

Language

EN