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    HomeNewsBusinessEconomyPower Finance Corp planning public issue of bonds in July: source

    Power Finance Corp planning public issue of bonds in July: source

    The bond issue is likely to include two tenors of Rs 5,000 crore each.

    Meghna Mittal
    July 07, 2023 / 18:51 IST
    PFC has been providing financial assistance to power projects across India including generation, transmission, distribution and RM&U projects.

    State-owned Power Finance Corporation plans to raise Rs 10,000 crore by a public issue of bonds in the third week of July, a person aware of the development said.

    The bond issue is likely to include two tenors of Rs 5,000 crore each, the person said, adding that the company could exercise the green shoe option.

    “PFC is coming out with a mega public issue of bonds. The issue size is Rs 10,000 crore and it will be out in July. Draft red herring prospectus (DRHP) has been filed on July 6 with Sebi. Finer details will be out in the Red Herring Prospectus (RHP),” the person told Moneycontrol.

    PFC has been providing financial assistance to power projects across India including generation, transmission, distribution and renovation modernization & upgradation projects.

    Meghna Mittal
    Meghna Mittal MEGHNA MITTAL is Deputy News Editor at Moneycontrol. Meghna has experience across television, print, online and wire media. She has been covering the Indian economy, monetary and fiscal policies, Finance and Trade ministries. She tweets at @Meghnamittal23 Contact: meghna.mittal@nw18.com
    first published: Jul 7, 2023 06:51 pm

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