Sep 21, 2011, 12.01 PM IST | 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.

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 April 17, 2014, Power Finance Corporation closed at Rs 184.50, up Rs 2.95, or 1.62 percent. The 52-week high of the share was Rs 209.50 and the 52-week low was Rs 97.40.


The company's trailing 12-month (TTM) EPS was at Rs 40.15 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 4.6. The latest book value of the company is Rs 182.22 per share. At current value, the price-to-book value of the company is 1.01.

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