{"id":393846,"date":"2021-01-07T08:31:28","date_gmt":"2021-01-07T03:01:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393846"},"modified":"2021-01-07T09:31:10","modified_gmt":"2021-01-07T04:01:10","slug":"power-finance-corp-to-sell-bonds-worth-1-4-billion-to-individual-investors-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-finance-corp-to-sell-bonds-worth-1-4-billion-to-individual-investors-2\/","title":{"rendered":"Power Finance Corp to sell bonds worth $1.4 billion to individual investors"},"content":{"rendered":"<p>India\u2019s biggest lender to the power sector plans to sell bonds to individual investors as it tries to attract savers dissatisfied with deposit rates at a 16-year low. <\/p>\n<p>Power Finance Corp. has filed a draft prospectus for a 100-billion-rupee offering ($1.4 billion), and plans to raise the entire sum this quarter, according to Parminder Chopra, director (finance). <\/p>\n<p>\u201cWe want to explore an alternative source of funds,\u201d Chopra said in a telephone interview. \u201cFixed deposit rates are quite low, so there could be interest from the public to get a bit better rate.\u201d <\/p>\n<p>Unprecedented monetary stimulus to help cushion the economy from damage wrought by the Covid-19 crisis has dragged down rates that households get on bank savings, adding to challenges in a nation where inflation is persistently high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s biggest lender to the power sector plans to sell bonds to individual investors as it tries to attract savers dissatisfied with deposit rates at a 16-year low. Power Finance Corp. has filed a draft prospectus for a 100-billion-rupee offering ($1.4 billion), and plans to raise the entire sum this quarter, according to Parminder Chopra, director (finance). \u201cWe want to explore an alternative source of funds,\u201d Chopra said in a telephone interview. \u201cFixed deposit rates are quite low, so there could be interest from the public to get a bit better rate.\u201d Unprecedented monetary stimulus to help cushion the economy [&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":[135,130,232],"tags":[],"class_list":["post-393846","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393846","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=393846"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393846\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}