{"id":398680,"date":"2021-02-03T08:38:39","date_gmt":"2021-02-03T03:08:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398680"},"modified":"2021-02-03T09:01:59","modified_gmt":"2021-02-03T03:31:59","slug":"pfc-raises-500-million-in-indias-longest-tenure-issue-of-usd-bonds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-raises-500-million-in-indias-longest-tenure-issue-of-usd-bonds\/","title":{"rendered":"PFC raises $500 million in India&#8217;s longest-tenure issue of USD bonds"},"content":{"rendered":"<p>Leading power sector lender Power Finance Corporation ltd (PFC), raised $500 million through issuance of dollar-denominated bonds under Reg S route with a fixed maturity of May 16, 2031. <\/p>\n<p>The company in a statement said this is the longest tenure bond issuance from India since the start of the year. The bonds have a fixed coupon of 3.35 per cent per annum, <\/p>\n<p>PFC\u2019s statement said the order book amounted to around $2.55 billion, achieving an oversubscription of 5.1 times. The proceeds from bonds will be utilized in accordance with the external commercial borrowing regulations of the Reserve Bank of India including for on-lending to power sector utilities, said the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading power sector lender Power Finance Corporation ltd (PFC), raised $500 million through issuance of dollar-denominated bonds under Reg S route with a fixed maturity of May 16, 2031. The company in a statement said this is the longest tenure bond issuance from India since the start of the year. The bonds have a fixed coupon of 3.35 per cent per annum, PFC\u2019s statement said the order book amounted to around $2.55 billion, achieving an oversubscription of 5.1 times. The proceeds from bonds will be utilized in accordance with the external commercial borrowing regulations of the Reserve Bank of India [&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-398680","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\/398680","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=398680"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398680\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}