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ISSUE CLOSED  ·  Was open 16 Jan 2026 – 30 Jan 2026
▸ NON-CONVERTIBLE DEBENTURE · PUBLIC ISSUE
POWER FINANCE CORPORATION LIMITED
Tranche III · BSE Listed · Secured · Fixed Coupon
7.05%
Max Yield p.a.
AAA AAA AAA
Credit Ratings
₹5,000 Cr
Issue Size
₹10,000 (10 NCDs)
Min. Application
Open Date
16 Jan 2026
Close Date
30 Jan 2026
Face Value
₹1,000
Per NCD
Issue Size
₹5,000 Cr
Security Cover
Secured debentures
Listing
BSE
Exchange listed
ANNUAL INTEREST   Annual
Series Tenor Coupon p.a. Yield p.a.
Series 1 5 Years 6.85% 6.85%
Series 2 10 Years 7.00% 6.99%
Series 4 15 Years 7.05% 7.04%
CUMULATIVE INTEREST   Cumulative
Series Tenor Yield p.a.
Series 3 121 Months 6.80%
Series 5 15 Years 7.05%
CREDIT RATINGS
CARE Ratings Limited
AAA
Crisil Ratings Limited
AAA
ICRA Limited
AAA
ABOUT THE COMPANY
Incorporate in 1986, Power Finance Corporation Limited (PFC) is one of the leading financial institutions in India. It is focused on the power sector. PFC works with Government of India (GoI) agencies, state governments, power sector utilities, other power sector intermediaries, and private sector clients for the development and implementation of policies and structural and procedural reforms in the power sector in India.

PFC is registered with the RBI as a non-deposit taking systemically important NBFC. PFC was granted the 'Navratna' status by the GoI in 2007.

PFC provides a range of financial products and other services including:

Services ranging from project conceptualization to the post-commissioning stage, including generation (conventional and renewable), transmission and distribution projects, and related renovation and modernization projects;
Various forms of fund-based assistance, including long-term project finance, short-term loans, buyers' lines of credit, underwriting
QUICK FACTS
Max Yield 7.05%
Min. Application ₹10,000 (10 NCDs)
Face Value ₹1,000
Tenor Range 24 – 72 Months
Coupon Type Fixed
Nature Secured
Listing BSE
Open 16 Jan 2026
Close 30 Jan 2026
This issue is now closed.
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Issue details sourced from Tranche III Prospectus dated April 21, 2026. Indicative only — verify with the issuer before investing. Credit ratings by CRISIL / Brickwork are subject to revision. NCDs are subject to market and credit risks. This page does not constitute investment advice.  ·  © 2026 Sirius Capital Services Ltd.
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