City
Epaper

PFC raises Rs 3,000 cr via 47-month bonds at 7.13%

By IANS | Updated: August 22, 2022 15:55 IST

Mumbai, Aug 22 Power Finance Corporation Ltd raised Rs 3,000 crore through bonds maturing in 47 months at ...

Open in App

Mumbai, Aug 22 Power Finance Corporation Ltd raised Rs 3,000 crore through bonds maturing in 47 months at a coupon rate of 7.13 per cent, market participants have said.

The company had planned to raise Rs 3,000 crore, which included Rs 2,500 crore in greenshoe.

The bidding for the bonds has taken place on electronic bidding platform of the National Stock Exchange of India.

The bonds have been rated 'AAA' by CARE, CRISIL and ICRA.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: National stock exchange of indiaPower Finance Corporation Ltd
Open in App

Related Stories

BusinessNSE warns investors about people associated with entity Algo Master

BusinessPFC okays Rs 633-cr loan for 5,000 passenger EVs and 1,000 cargo EVs

BusinessNSE comes out with framework for appointing forensic auditors

TechnologyPFC okays largest-ever Rs 633 cr EV financing facility to BluSmart Mobility

MaharashtraMumbai police detains Congress leaders protesting against Gautam Adani outside NSE

International Realted Stories

InternationalQuad ministerial meeting very productive, will strengthen Indo-Pacific stability: EAM Jaishankar

InternationalISKCON temple in US targeted in suspected hate crime; India urges swift action and stands in solidarity

InternationalNepal's iconic Juju Dhau--King Curd--adapts with time, but tradition at risk

InternationalUS Vice President Vance casts tie-breaking vote as Senate passes GOP megabill

InternationalGeneva: Photo exhibition highlights persecution of minorities in Bangladesh