Power Finance Corporation raises global bond issuance size to $5 billion
State-owned Power Finance Corporation on Saturday said it has increased quantum of funds to be raised via bonds to $five billion from $three billion under its Global Medium Term Note Programme.
“The PFC has updated the existing Global Medium Term Note Programme from $3 billion to $5 billion,” it said in a BSE filing.
The company also launched issuances of $3 million worth bonds at 3.25 per cent due in 2024 and $450 million at 3.90 per cent due in 2029 under $five billion Global Medium Term Note Programme, as per the filing.
It said the Notes (bonds) have been priced on September 5, 2019 and carry a coupon of 3.25 per cent and 3.90 pe cent per annum, respectively, for 5 and 10 years notes, payable semi-annually, in arrears.
