{"id":590603,"date":"2023-07-13T09:19:22","date_gmt":"2023-07-13T03:49:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=590603"},"modified":"2023-07-13T10:00:18","modified_gmt":"2023-07-13T04:30:18","slug":"power-finance-corporation-plans-to-raise-rs-10000-cr-through-ncds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-finance-corporation-plans-to-raise-rs-10000-cr-through-ncds\/","title":{"rendered":"Power Finance Corporation plans to raise Rs 10,000 cr through NCDs"},"content":{"rendered":"<p>Power Finance Corporation is planning to raise Rs 10,000 crore through non-convertible debentures, the state-owned company said on Wednesday.<\/p>\n<p>The company said it &#8220;has filed a draft shelf prospectus for Rs 10,000 crore non-convertible debentures (NCD) fundraise. The public issue of secured, rated, listed, redeemable NCDs with a face value of Rs 1,000 each aggregate up to Rs 10,000 crore (shelf limit) and will be issued in one or more tranches&#8221;.<\/p>\n<p>The company filed the prospectus with the BSE on July 6.<\/p>\n<p>Of the net proceeds, at least 75 per cent will be utilised for onward lending, financing\/refinancing the existing debt of the company, and\/or debt servicing and payment of interest and\/or repayment\/prepayment of interest and principal of existing borrowings of the company, the Power Finance Corporation (PFC) said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Finance Corporation is planning to raise Rs 10,000 crore through non-convertible debentures, the state-owned company said on Wednesday. The company said it &#8220;has filed a draft shelf prospectus for Rs 10,000 crore non-convertible debentures (NCD) fundraise. The public issue of secured, rated, listed, redeemable NCDs with a face value of Rs 1,000 each aggregate up to Rs 10,000 crore (shelf limit) and will be issued in one or more tranches&#8221;. The company filed the prospectus with the BSE on July 6. Of the net proceeds, at least 75 per cent will be utilised for onward lending, financing\/refinancing the existing [&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-590603","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\/590603","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=590603"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/590603\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=590603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=590603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=590603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}