PFC NCD Issue: Attractive for Retail Investors?

Power Finance Corporation (PFC) is offering non-convertible debentures (NCDs) worth up to ₹5,000 crore.

This is unusual because public sector companies don't often invite retail investors and high net worth individuals (HNIs) to such offerings.

The NCDs have ratings of AAA, which means they are very safe.

PFC is a big lender in the power sector and has strong financials.

The NCDs offer different interest rates for different time periods, but these rates are not as high as other options available in the market.

The article suggests that these NCDs might be good for people who want steady, if not very high, returns over a long time, like after retirement.

PFC has a lot of loans given out, mostly to government clients, and their bad loans have been decreasing.