{"id":291759,"date":"2019-09-16T06:33:42","date_gmt":"2019-09-16T06:33:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291759"},"modified":"2019-09-16T06:33:42","modified_gmt":"2019-09-16T06:33:42","slug":"power-finance-raises-global-bond-issuance-size-to-5-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-finance-raises-global-bond-issuance-size-to-5-billion\/","title":{"rendered":"Power Finance raises global bond issuance size to $5 billion"},"content":{"rendered":"<p>State-owned Power Finance Corporation Ltd (PFC) has updated its existing global Medium Term Note (MTN) Programme from $3 billion to $5 billion.<\/p>\n<p>The company said it has launched issuances of $300 million 3.25 per cent Notes due 2024 and $450 million 3.90 per cent Notes due 2029 under $5-billion global MTN Programme.<\/p>\n<p>The Notes have been priced on September 5, 2019 and carry a coupon of 3.25 per cent and 3.90 per cent per annum, respectively, for five years and 10 years Notes, payable semi-annually, in arrears.<\/p>\n<p>The company, a non-banking financial corporation under the administrative control of the Ministry of Power, said the net proceeds from the issuance of 5-year Notes will be applied for on-lending in the power sector and those from the issuance of 10-year Notes will be applied for general corporate purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Power Finance Corporation Ltd (PFC) has updated its existing global Medium Term Note (MTN) Programme from $3 billion to $5 billion. The company said it has launched issuances of $300 million 3.25 per cent Notes due 2024 and $450 million 3.90 per cent Notes due 2029 under $5-billion global MTN Programme. The Notes have been priced on September 5, 2019 and carry a coupon of 3.25 per cent and 3.90 per cent per annum, respectively, for five years and 10 years Notes, payable semi-annually, in arrears. The company, a non-banking financial corporation under the administrative control of the Ministry [&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":[130],"tags":[],"class_list":["post-291759","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291759","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=291759"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291759\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}