Maharatna PSU stock PFC to be in focus today after ₹5,000 fundraise plan through NCDs; issue opens on January 16

Power Finance Corporation (PFC) announced plans to raise ₹5,000 crore through a non-convertible debenture (NCD) issue, the country’s largest retail issue of bonds in nearly 8 years.

The company will issue NCDs of 15-year tenor, and offer a coupon rate of 7.3% payable on an annual basis. The base size of the issue is ₹500 crore with a greenshoe option of ₹4,500 crore.