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PFC raises $300 million through five year dollar bond
Power Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's special swap arrangement. The five-year bond was priced at 105 basis points above US treasuries, attracting a substantial order book. This move capitalizes on the RBI's 1.5% fixed-rate swap for external borrowings, with other major Indian banks also planning similar issuances.
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economictimes.indiatimes.com
Indian financial firms to tap $1.5 billion overseas bonds this week: Bankers
Indian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging facility. Power Finance Corp is leading…
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PFC raises $300 million through five year dollar bond
Power Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's special swap arrangement. The five-year bond was…
