{"id":436429,"date":"2021-09-16T16:33:31","date_gmt":"2021-09-16T11:03:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=436429"},"modified":"2021-09-16T16:33:31","modified_gmt":"2021-09-16T11:03:31","slug":"pfc-issues-300-million-euro-bonds-for-7-year-period-in-european-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-issues-300-million-euro-bonds-for-7-year-period-in-european-market\/","title":{"rendered":"PFC issues 300 million euro bonds for 7-year period in European market"},"content":{"rendered":"<p>State-owned PFC on Thursday said it has issued bonds worth 300 million euros for a period of seven years.<\/p>\n<p>In a statement, Power Finance Corporation Ltd (PFC) said the issuance which took place on Monday saw a strong participation from institutional investors across Asia and Europe with a participation from across 82 accounts and was oversubscribed 2.65 times<\/p>\n<p>&#8220;PFC successfully issued its maiden 300 million euros 7 year euro bond issuance on 13.09.2021. The pricing of 1.841 per cent achieved is the lowest yield locked in by an Indian issuer in the euro markets,&#8221; the statement said.<\/p>\n<p>It is the first ever euro issuance by an Indian NBFC and the first euro bond issuance from India since 2017, PFC said.<\/p>\n<p>PFC Chairman and Managing Director (CMD) R S Dhillon said that the overwhelming response to the issuance reflects international investor&#8217;s confidence in PFC.<\/p>\n<p>PFC Director (Finance) Parminder Chopra said &#8220;PFC has successfully forayed into the European market for its international raising and has concluded the inaugural Euro Bond issuance at attractive terms and pricing.&#8221;<\/p>\n<p>PFC, under the administrative control of the Ministry of Power, is the largest non-banking financial corporation (NBFC) in power sector in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned PFC on Thursday said it has issued bonds worth 300 million euros for a period of seven years. In a statement, Power Finance Corporation Ltd (PFC) said the issuance which took place on Monday saw a strong participation from institutional investors across Asia and Europe with a participation from across 82 accounts and was oversubscribed 2.65 times &#8220;PFC successfully issued its maiden 300 million euros 7 year euro bond issuance on 13.09.2021. The pricing of 1.841 per cent achieved is the lowest yield locked in by an Indian issuer in the euro markets,&#8221; the statement said. It is the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-436429","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/436429","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=436429"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/436429\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=436429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=436429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=436429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}