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PFC NCD Issue 2026: High-Safety Investment Opportunity with 7.30% Returns

Power Finance Corp (PFC) launches secured NCDs offering 7.30% coupon. Rated CARE AAA (Stable). Open to Indian residents. Read prospectus before investing.
PFC NCD Issue 2026: High-Safety Investment Opportunity with 7.30% Returns

Mumbai January 16, 2026 – Power Finance Corporation Limited (PFC), a Government of India undertaking, has opened a public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs/Bonds), offering retail and institutional investors an opportunity to invest in a high-security instrument.

 

Key Features of the Bond Issue:

  • Coupon Rate: 7.30% per annum (Zero Coupon Bond structure)

  • Credit Rating: 'CARE AAA' with a 'Stable' outlook by CARE Ratings, indicating the highest degree of safety regarding timely servicing of financial obligations.

  • Issuer Profile: PFC is a premier financial institution and a Government of India ("GoI") enterprise under the administrative control of the Ministry of Power. Its status as a GoI entity provides a strong sovereign linkage and a high level of credit safety.

  • Nature of Instrument: Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs).

 

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Important Disclaimer & Access Information:
PFC has made the Tranche I Prospectus for this issue available on its website in electronic form solely to comply with Regulation 27(3) of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The company has issued a detailed disclaimer stating that the prospectus is for information purposes only.

 

Key Conditions for Access & Eligibility:
The offer and the prospectus are directed only at residents of India. The following persons are explicitly not authorized to access the materials or participate:

  • Minors without a guardian (guardians can apply on behalf of minors).

  • Foreign nationals, NRIs (including those based in, domiciled in, or subject to US laws).

  • Persons resident outside India, foreign entities, FIIs, FPIs, FVCIs, QFIs, and Overseas Corporate Bodies.

  • Any person ineligible to contract under applicable laws.

 

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Investor Caution:
Interested investors are strongly advised to:

  1. Read the complete Tranche I Prospectus and the associated risk factors carefully before investing.

  2. Ensure they meet all eligibility criteria.

  3. Confirm that accessing the online prospectus complies with their local regulations.
    The electronic prospectus is identical to the one filed with the Registrar of Companies and submitted to SEBI and the National Stock Exchange of India Limited (NSE), the Designated Stock Exchange for this issue.

This bond issue from a top-rated government entity presents a potentially secure fixed-income investment avenue for eligible Indian residents, aligning with PFC's role in financing the growth of the Indian power sector.

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