PFC Launches NCD Issue For Rs 5000 Cr Fundraising: Interest Rates, Reviews, To Key Dates | 5 Things To Know

PFC NCD Issue: Power Finance Corporation recently launched its third public issue of secured, redeemable non-convertible debentures. PFC has aimed to raise around Rs 5000 crore with the NCD issue.

PFC NCF comes with a base issue of Rs 500 crore and a green-shoe option to accept oversubscriptions up to the full amount. For investors who are willing to know more about PFC NCD, here are all the key details about the issue.

PFC NCD Key Dates

The tranche 1 of PFC NCD issue began on January 16 and will conclude on January 30, 2026. There are chances that the NCD issue subscription tenure may be shortened or extended in the coming days. PFC NCDs will be listed on the National Stock Exchange of India (NSE).

PFC NCD Ratings

The issue is rated AAA by CRISIL, CARE and ICRA, indicating a low-risk profile with stable and consistent returns over the years. The public NCD issue is the company's third such offering and the first zero-coupon public bond issue by a PSU in the current calendar year. The previous PFC NCD issues were subscribed to more than five times, and this third issue reflects maturity, continuity and a long-term commitment, stated Chairperson and Managing Director Parminder Chopra, reported PTI.

PFC NCD Issue: Minimum Amount To Invest

The minimum application requirements in PFC NCD issue are at least Rs 10,000, which is equivalent to 10 NCDs. Investors can make additional investments in multiples of Rs 1,000 (which represents a single NCD unit). The minimum amount is Rs 51,502 for Category I of the series III zero-coupon NCDs, whereas it is Rs 51,263 for Category III, and Rs 50,780 for Category IV investors.

PFC NCD Issue Maturity, Rate of Interest

There are different categories in terms of maturity period. The PFC NCD issue will come in 5, 10, and 15 years of maturity option, with annual coupon payments available for Series 1, II and 1V. PFC NCD issue annual interest rate can fall in the range of 7% to 7.3% based on the tenure. The highest interest rate of 7.3% is offered in the fifteen-year duration.

Interest (p.a.)	Tenure	Payout	Series
7.30% (Highest)	15y	Annually	4
7.30%	15y	Cumulative	5
7.20%	10y	Annually	2
7.00%	5y	Annually	1

PFC NCD issue is also available on broking platforms like Groww, Zerodha, Angel One, etc for investment.

PFC plans to channel funds into lending operations and debt management. Seventy-five per cent of net proceeds will support lending, financing, and refinancing of borrowings. The remaining 25 per cent is earmarked for general corporate needs.

Proceeds from zero-coupon non-convertible debentures will go solely to onward lending. For the year ending September 30, 2025, PFC posted revenue of Rs 57,429.28 crore. Net profit for that period was Rs 16,815.84 crore. This compared with FY25 revenue of Rs 106,501.62 crore and net profit of Rs 30,514.40 crore.

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