PFC to raise ₹10,000 crore through bonds issue; 1st tranche to open 15 January
NEW DELHI : Power Finance Corporation Ltd (PFC), the nation’s biggest lender to the power sector, will raise ₹10,000 crore through bonds in two tranches.
The first tranche of ₹5,000 crore will open for subscription on January 15 and close on January 29, according to the company’s prospectus.
PFC had previously sold tax-free infrastructure bonds to retail investors and this would be its maiden taxable issuance to individual buyers.
