Power Finance Corporation floats infrastructure bonds

Power Finance Corporation new issue closes on 22nd March

Power Finance Corporation has launched infrastructure bond, offering a fixed rate of interest of up to 8.5% payable annually or on a cumulative basis.

The rate of interest for 10-year tenure, annual and cumulative, is 8.3% while for 15 year tenure, it will be 8.5% with a lock in period of five years. This means investors have the choice to buy back, they can offer it back to the company after five years.

The bonds offered will be in maturities of 10 years and 15 years with a buyback option after five years and seven years, respectively. The bond issue opens for public subscription on 24th February and closes on 22nd March.

The bond will be of a face value of Rs5,000 and would be listed on the Bombay Stock Exchange. Investors can avail tax benefit of Rs20,000 for the current financial year 2010-11 under Section 80CCF of the Income Tax Act, 1961.

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COMMENTS

PRIYANKO KUMAR BANERJEE

5 years ago

application no.3971592
pan -AHJPB6692H
cheque no-490928
amount Rs-20000
Allahabad Bank,Bhowanipure Branch Kolkata- 700025
mobile-9433460781
Above mention power finance Infra bonds have not receive till today.Please arrange the above same as soon as possible.

SANDEEP KUMAR

5 years ago

Sir,
Pls. send me the certificate of PFC Infr. Bond u/s 80ccf. My Application No. Is 14876858

venkat

5 years ago

For Infra Bonds processing, please call me at 9241545354 (for bangalore only).

irannab

6 years ago

Please provide me the contact no of pfc infra bond contact no ASAP

RAVI

6 years ago

i want to buy in delhi plz send contact details

REPLY

Daya

In Reply to RAVI 6 years ago

Drop me a mail with contact number for infra bonds.

Regards,
Wealth Manager
Future Smile FInancial Solutions.
"Towards Wealth Creation"

pooja Banakar

In Reply to Daya 4 years ago

Wealth manager my foot.. stop doing this to ppl its hard earned money unlike bastards like you who make it business with freaking political background family

M C VENKATA SUBBAIAH

6 years ago

Where do I get the application form for Infrastructure Bonds of Power Finance Corp ?

a c kalita

6 years ago

i want to buy in mumbai (kalina). request contact details.

N K JAIN

6 years ago

I WANT TO PURCHASE INFRASTRURE BOND PL GIVE ME CONTACT NO

V SRIDHARAN

6 years ago

I want to buy PFC infrastructure bond.
How to buy it?

praveen kumar

6 years ago

phisical application form

saurabh gupta

6 years ago

I am based on Ahmedabad. Please guide me where to purchase these bonds??

Madhusudan Das

6 years ago

Please let us know how to purchage this bond .

contact: 9390402015, Hyderabad

S K Jindal

6 years ago

please tell me how and from where to purchase this bond?

sandeep Kumar Garg

6 years ago

Please tell me
on maturity, is there ECS facility or cheque will be sent to our residence.

REPLY

venkat

In Reply to sandeep Kumar Garg 6 years ago

on maturity ECS facility as well is present

Ashish Kumar Pandey

6 years ago

I want to purchase this infrastructure bonds. where to purchase it??

HDFC Mutual Fund unveils 100 days plan

HDFC Mutual Fund new issue closes on 28th February

HDFC Mutual Fund has launched HDFC FMP 100D February 2011 (1), a close-ended income scheme.

The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s).

The new issue opens on 24th February and closes on 28th February. The minimum investment amount is Rs5,000. The scheme will be managed by Bharat Pareek.

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Fidelity Mutual Fund launches Fixed Maturity Plan Series V-Plan A

Fidelity Mutual Fund new issue closes on 24th February

Fidelity Mutual Fund has launched Fidelity Fixed Maturity Plan Series V-Plan A, a close-ended income scheme.

The investment objective of the scheme is to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short to mid term debt instruments having maturity, on or before the date of maturity of a plan.    

The new issue opens on 24th February and closes on the same day. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. The scheme will be managed by Shriram Ramanathan and Mahesh Chhabria.

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