PFC to raise Rs 10,000 cr through bonds issue; 1st tranche to open Jan 15
Power Finance Corporation Ltd NSE -0.12 % (PFC), the nation’s biggest lender to the power sector, will raise Rs 10,000 crore through bonds in two tranches.
The first tranche of Rs 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.
