Tuesday, August 5, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

PFC raises $500m for the power utilities

Fiinews by Fiinews
February 3, 2021
in Banking & Finance, Investment
Reading Time: 1 min read
A A
0
Power Finance Corp Ltd
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Bonds reflect international investors confidence in PFC business

Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has raised US$500 million on 29 Jan 2021 through the issuance of USD denominated Bonds to be utilized in accordance with the external commercial borrowing regulations of the Reserve Bank of India including for on-lending to power sector utilities.

The order book amounted to around US$2.55 billion, achieving an oversubscription of 5.1 times, said PFC on 2 Feb 2021.

This is the longest tenor bond issuance from India since the start of the year. The bonds, under ‘Reg S route’ with a fixed maturity of 16 May 2031, have a fixed coupon of 3.35% p.a. which was inside the fair value of PFC’s secondary bonds.

Commenting on the success of bond issuance, PFC Chairman and Managing Director R.S. Dhillon expressed satisfaction that despite the challenging COVID situation being witnessed globally, PFC’s bond offer attracted wide participation from international investors.

“The deal concluded at very attractive terms, which reflects confidence of investors in PFC’s business as well as its credit profile and the growth story of Indian Power sector,” said Dhillon. #banking #finance #bonds #investment /fiinews.com

Tags: Power Finance Corp Ltd
ShareTweetShare

Related Posts

CM Naidu 3
Investment

Invest: AP CM woes Singapore investors

by Fiinews
August 2, 2025
0
22

Singapore ready to partner with Andra Pradesh Chief Minister N. Chandrababu Naidu held 26 high-level meetings with Singapore Ministers and...

Sidbi
Investment

Invest: 3 flagship funding schemes launched

by Fiinews
July 27, 2025
0
17

Minister updates Rajya Sabha on FFS, SISFS and CGSS The Government is implementing three flagship Schemes, namely, Fund of Funds...

Netrasemi

Netrasemi gets VC investments of ₹107 cr

July 25, 2025
15
Adia

Invest: ADIA takes stake in expansion-mode Meril

July 22, 2025
21
SRM University-AP, Amaravati.

Invest: CM highlights green hydrogen prospects

July 22, 2025
23
QpiAI

Invest: NQM backs QpiAI in $32m Series A

July 18, 2025
16
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: SatSure revolutionizes Kenyan Agri sector
  • Manufacturing: ABB India expands footprint 3-fold
  • Manufacturing: EV plant to be export hub, says CM
  • Manufacturing: Report on unlocking $200bn opportunity in EVs
  • Tech: CamCom-ERGO work in Europe

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.