{"id":276702,"date":"2019-05-30T06:12:35","date_gmt":"2019-05-30T06:12:35","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276702"},"modified":"2019-05-30T06:26:21","modified_gmt":"2019-05-30T06:26:21","slug":"amid-liquidity-squeeze-pfc-to-hike%e2%80%8aborrowings-from-foreign-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/amid-liquidity-squeeze-pfc-to-hike%e2%80%8aborrowings-from-foreign-markets\/","title":{"rendered":"Amid liquidity squeeze, PFC to hike\u200aborrowings from foreign markets"},"content":{"rendered":"<p>Power Finance Corp. Ltd (PFC), the largest financier for the domestic power sector in India, is increasing its borrowings from the international market in 2019-20 to tide over a liquidity crunch in the country. Out of PFC\u2019s fund-raising target of \u20b980,000 crore for the current fiscal year, it will raise 10% in foreign current borrowings and increase its target to 15-20% over the next two years.<\/p>\n<p>\u201cWe don\u2019t foresee a problem in meeting our fund-raising target this year,&#8221; Rajeev Sharma, chairman and managing director, PFC, said in an interview. \u201cOur focus is on diversification and we will increase the foreign currency borrowing to 10% this year. When I joined PFC in October 2016, foreign currency borrowing was only 2-3% of the target. This will increase to 15-20% in the next two years.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Finance Corp. Ltd (PFC), the largest financier for the domestic power sector in India, is increasing its borrowings from the international market in 2019-20 to tide over a liquidity crunch in the country. Out of PFC\u2019s fund-raising target of \u20b980,000 crore for the current fiscal year, it will raise 10% in foreign current borrowings and increase its target to 15-20% over the next two years. \u201cWe don\u2019t foresee a problem in meeting our fund-raising target this year,&#8221; Rajeev Sharma, chairman and managing director, PFC, said in an interview. \u201cOur focus is on diversification and we will increase the foreign [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-276702","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=276702"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276702\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}