Power Finance Corporation aims to raise Rs 5,000 crore through NCDs
Power Finance Corporation announced on Wednesday that it aims to raise funds of up to Rs 5,000 crore through a public offering of non-convertible debentures (NCDs) starting from July 21. The issue is scheduled to close on July 28.
The NCDs are divided into three maturity options of three years, 10 years, and 15 years. The base issue size is set at Rs 500 crore, and there is a green shoe option that allows for an additional Rs 4,500 crore, bringing the total fundraising to Rs 5,000 crore, which is well within the permissible shelf limit of Rs 10,000 crore, the company said in a release.
