{"id":395808,"date":"2021-01-16T11:59:47","date_gmt":"2021-01-16T06:29:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395808"},"modified":"2021-01-16T13:00:04","modified_gmt":"2021-01-16T07:30:04","slug":"pfc-to-raise-up-to-rs-10000-crore-in-two-tranches-via-ncds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-to-raise-up-to-rs-10000-crore-in-two-tranches-via-ncds\/","title":{"rendered":"PFC to raise up to Rs 10,000 crore in two tranches via NCDs"},"content":{"rendered":"<p>Power Finance Corporation (PFC) is planning to raise up to Rs 10,000 crore in two tranches via secured, redeemable, non-convertible debentures (NCDs) to fund its general corporate and lending operations. The first tranche of Rs 5,000-crore NCDs will open for subscription on January 15 and close on January 29.<\/p>\n<p>The tranche one issue will have a base size of Rs 500 crore with a greenshoe option to retain oversubscriptions of up to Rs 4500 crore. Bonds will have a tenure of 3, 5, 10 and 15 years with coupon rates ranging between 4.65% per annum for three-year bond and 7.15% for 15-year bond. <\/p>\n<p>RS Dhillion, chairman of PFC, told reporters in a virtual conference call that NCDs being offered by PFC will provide an alternative for retail investors with better yield and varied tenure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Finance Corporation (PFC) is planning to raise up to Rs 10,000 crore in two tranches via secured, redeemable, non-convertible debentures (NCDs) to fund its general corporate and lending operations. The first tranche of Rs 5,000-crore NCDs will open for subscription on January 15 and close on January 29. The tranche one issue will have a base size of Rs 500 crore with a greenshoe option to retain oversubscriptions of up to Rs 4500 crore. Bonds will have a tenure of 3, 5, 10 and 15 years with coupon rates ranging between 4.65% per annum for three-year bond and 7.15% [&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":[130,240,138],"tags":[],"class_list":["post-395808","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395808","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=395808"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395808\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}