{"id":26870,"date":"2021-02-02T17:51:30","date_gmt":"2021-02-02T12:21:30","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=26870"},"modified":"2021-02-02T17:51:30","modified_gmt":"2021-02-02T12:21:30","slug":"pfc-issues-usd-500-million-senior-unsecured-usd-bonds","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/pa\/pfc-issues-usd-500-million-senior-unsecured-usd-bonds\/","title":{"rendered":"PFC issues USD 500 million Senior Unsecured USD Bonds"},"content":{"rendered":"

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PFC issues USD 500 million Senior Unsecured USD Bonds for more than 10 years<\/h2>\n

02 FEB 2021<\/h5>\n<\/div>\n

Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, successfully raised USD 500 million on 29.01.2020 through the issuance of USD denominated Bonds under \u2018Reg S route\u2019 with a fixed maturity of 16.05.2031.<\/p>\n

This is the longest tenor bond issuance from India since the start of the year. The bonds have a fixed coupon of 3.35% p.a. which was inside the fair value of PFC\u2019s secondary bonds.The order book amounted to around USD 2.55 billion, achieving an oversubscription of 5.1 times.The proceeds from bonds will be utilized in accordance with the external commercial borrowing regulations of the Reserve Bank of India including for on-lending to power sector utilities.<\/p>\n

Commenting on the success of bond issuance, Chairman and Managing Director of PFC, Mr. R.S. Dhillon expressed satisfaction that despite the challenging COVID situation being witnessed globally, PFC\u2019s bond offer attracted wide participation from international investors. The deal concluded at very attractive terms, which reflects confidence of investors in PFC\u2019s business as well as its credit profile and the growth story of Indian Power sector.<\/p>\n<\/div>\n

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\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964 PFC issues USD 500 million Senior Unsecured USD Bonds for more than 10 years 02 FEB 2021 Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, successfully raised USD 500 million on 29.01.2020 through the issuance of USD […]<\/p>\n","protected":false},"author":6,"featured_media":26315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,122],"tags":[14664],"class_list":["post-26870","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national","category-news","tag-pfc-issues-usd-500-million-senior-unsecured-usd-bonds"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t