• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Business

Sep 21, 2011, 12.01 PM | Source: Reuters

PFC gets RBI nod for $1bn overseas debt issue: Source

State-run Power Finance Corp (PFC) has received the RBI's approval to raise USD 1 billion via offshore medium-term note borrowing, which will mark its debut in the international bond market, a company source with knowledge of the deal told Reuters.

Like this story, share it with millions of investors on M3

PFC gets RBI nod for $1bn overseas debt issue: Source

State-run Power Finance Corp (PFC) has received the RBI's approval to raise USD 1 billion via offshore medium-term note borrowing, which will mark its debut in the international bond market, a company source with knowledge of the deal told Reuters.

Post Your Comments

Share Cancel

PFC gets RBI nod for $1bn overseas debt issue: Source
State-run Power Finance Corp (PFC) has received the RBI's approval to raise USD 1 billion via offshore medium-term note borrowing, which will mark its debut in the international bond market, a company source with knowledge of the deal told Reuters.

The company, which expects to set up an Euro Medium Term Note (EMTN) programme in the next 6-8 weeks, said it will appoint bankers for the offering by end-September, the source said.

The borrowing will be utilised for funding the power projects, including ultra mega power projects, financed by the company, the source added.

Power Finance stock price

On February 05, 2016, Power Finance Corporation closed at Rs 177.05, up Rs 7.20, or 4.24 percent. The 52-week high of the share was Rs 313.05 and the 52-week low was Rs 148.80.


The company's trailing 12-month (TTM) EPS was at Rs 48.29 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 3.67. The latest book value of the company is Rs 244.08 per share. At current value, the price-to-book value of the company is 0.73.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
PFC gets RBI nod for $1bn overseas debt issue: Source

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login