State-run Power Finance Corporation to raise 15-20 percent of the total borrowing of Rs 1.4 lakh crore through overseas market, said Parminder Chopra, chairman and managing director.
The company will raise the funds from overseas market through bonds and syndicated loans, Chopra added.
"We are maintaining that we will be raising around 15 to 20 percent to foreign currency borrower. Going forward, we are going to follow the similar approach, it will be a mix of different instruments, bonds, term loans, short term loans," Chopra said during the post earnings press conference.
The remaining funds company will raise from domestic market, of which majority will be from corporate bonds, Chopra added.
In FY25, the company has raised Rs 1.11 lakh crore. Of this total borrowing, the company borrowed 76 percent from domestic market and 24 percent via overseas market.
Overseas borrowing of the company in the last financial year was 70 percent in the US dollar, and 95 percent portfolio is hedge for exchange rate risk, Chopra said.
On May 20, Power Finance Corporation raised Rs 4,950 crore in the domestic market through issuances of two corporate bonds maturing in three years and five years.
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