PFC increases global bond issuance size to $5 billion
16th Sep 2019

Power Finance Corporation (PFC) has increased quantum of funds to be raised via bonds to $5 billion from $3 billion under its Global Medium Term Note Programme. The company also launched issuances of $3 million worth bonds at 3.25 percent due in 2024 and $450 million at 3.90 per cent due in 2029 under $5 billion Global Medium Term Note Programme.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.