INSUBCONTINENT EXCLUSIVE:
Kolkata: Power Finance Corporation (PFC), a non-banking finance company operating in the power sector, has successfully carried out issuance
of 10.25-year $ 750 million bonds under Reg S - 144 A route
The bonds have a fixed coupon of 3.95% per annum and a yield of 4.066%.
According to a statement by PFC, with this offering, it becomes the
The final order book amounted to more than $ 2.2 billion, attracting active and wider participation from investors across US, European and
Asian markets, with around 42% participation from the US market, it said in the statement.
The proceeds from bonds will be utilised in
accordance with the external commercial borrowing regulations of the Reserve Bank of India including for on lending to power sector
Its total foreign currency raising stands at around $ 3 billion, while domestic raising is around $ 7 billion