8/3/2019 PFC_TermSheet
1/2
ower Finance Corporation Ltd. TAX FREE BOND
Date: 27 th December, 2011
EQUITY | F&O | DP | COMMODITIES | MUTUAL FUNDS | INSURANCE |
DEBT | IPOs | PMS | WMS | LAS
GEPL Capital Pvt. Ltd. (An ISO 9001:2000 Certified Company)
D-21, Dhanraj Mahal, CSM Marg, Colaba, Mumbai - 400 001 Tel: +91 22
6618 2400 Fax: +91 22 2204 3452Email: [email protected] Web:
www.geplcapital.com
Issue Open Date: December 30th, 2011 Issue Close Date: January
16th, 2012
HIGHLIGHTS OF TAX BENEFITS
In exercise of the powers conferred by item (h) of sub-clause
(iv) of clause (15) of Section 10 of the Income Tax Act,1961 (43 of
1961) the Central Government authorizes PFC to issue during the FY
2011-12, Tax Free, Secured,Redeemable, Non-convertible Bonds.
The income by way of interest on these Bonds is fully exempt
from Income Tax and shall not form part of TotalIncome as per
provisions under section 10 (15) (iv) (h) of I.T. Act, 1961.
There will be no deduction of tax at source from the interest,
which accrues to the bondholders in these bondsirrespective of the
amount of the interest or the status of the investors.
Wealth Tax is not levied on investment in Bond under section
2(ea) of the Wealth-tax Act, 1957.
ISSUER Power Finance Corporation Ltd.
Issue Structure Tax Free, Secured, Redeemable, Non Convertible
Debentures
Allotment On First Cum First Serve Basis
Tenure 10 Years 15 Years
Coupon 8.20% p.a. 8.30% p.a.
Issue Size Shelf Limit of Rs.4033.12 crores
Credit Rating AAA by CRISIL & ICRA
Face Value Rs.1000/- per bond
Minimum Application 10 Bonds i.e. Rs.10,000/- and in Multiples
of Rs.5000
Interest on Refund 5 % p.a.
Interest on application money onsuccessful application Coupon
Rate
Issuance Both in physical as well as in demat modeListing
Proposed to be listed on BSE
Trading Compulsorily in Demat Mode
Trading Lot One Bond
Loan Against Bond Can be Pledged or Hypothecated
8/3/2019 PFC_TermSheet
2/2
ower Finance Corporation Ltd. TAX FREE BOND
Date: 27 th December, 2011
EQUITY | F&O | DP | COMMODITIES | MUTUAL FUNDS | INSURANCE |
DEBT | IPOs | PMS | WMS | LAS
GEPL Capital Pvt. Ltd. (An ISO 9001:2000 Certified Company)
D-21, Dhanraj Mahal, CSM Marg, Colaba, Mumbai - 400 001 Tel: +91 22
6618 2400 Fax: +91 22 2204 3452Email: [email protected] Web:
www.geplcapital.com
Who Can Apply
Category Wise Breakup of the issue
Category I Category II Category III
Up to 50% of Overall Issue Size Up to 25% of Overall Issue Size
Up to 25% of Overall Issue Size
Category I
Public Financial Institutions, Statutory Corporations, Scheduled
Commercial Banks, Co-operative Banks and Regional Rural Banks,
which are authorised to invest in the Bonds; Provident Funds,
Pension Funds, Superannuation Funds and Gratuity Fund, which
are
authorised to invest in the Bonds; Insurance companies
registered with the IRDA; National Investment Fund; Mutual Funds;
Foreign Institutional Investors (including sub-accounts) Companies;
bodies corporate and societies registered under the applicable laws
in India
and authorized to invest in the Bonds; Public/private
charitable/religious trusts which are authorized to invest in the
Bonds; Scientific and/or industrial research organizations, which
are authorized to invest in the
Bonds; Partnership firms in the name of the partners; and
Limited liability partnerships formed and
registered under the provisions of the Limited Liability
Partnership Act, 2008 (No. 6 of 2009)Category II The following
investors applying for an amount aggregating to above 5 lakhs
across all Series
in each tranche
Resident Indian individuals; Hindu Undivided Families through
the Karta; and Non Resident Indians on repatriation as
well as non-repatriation basis.Category III The following
investors applying for an amount aggregating to up to and including
5 lakhsacross all Series in each tranche
Resident Indian individuals; Hindu Undivided Families through
the Karta; and Non Resident Indians on repatriation as
well as non-repatriation basis.
DEEPAK PANJWANI Head (Debt) 9323555164/ 022-66182352
[email protected]
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