Power Finance Corporation, a state-run entity, has triumphantly secured USD 300 million via bonds that feature floating interest rates. Following the guidelines set by the RBI, these Notes are set to mature in July 2029 and will provide payments in US Dollars. They are scheduled for listing on NSE IFSC and India INX, marking a significant financial achievement.
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Power Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's…
PFC becomes the first non-bank lender to issue dollar bonds, raising $300 million under RBI's subsidised hedging facility.
Indian institutions secured over ₹17,000 crore via bond sales as falling benchmark yields made borrowing cheaper. Nabard notably…
The non-banking finance company will offer a yield of 7.75% to investors, slightly below the initial price guidance at about…
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two…
Public sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the…
