MUMBAI : India’s Power Finance Corp plans to raise funds through sale of bonds maturing in three years as well as 10 years, four merchant bankers said on Friday. The state-run company plans to raise at least five billion rupees ($63.20 million) through each issue, with the three-year bonds having a greenshoe option to retain […]
Power Finance Corp pays Rs 887 crore as interim dividend to govt for FY22 – EQ Mag Pro
Power Finance Corporation on Friday said it has paid Rs 886.97 crore as an interim dividend to the government for the financial year 2021-22. This is in addition to Rs 333 crore and Rs 370 crore paid as first and second interim dividend, respectively, earlier, Power Finance Corporation (PFC) said in a statement. PFC CMD […]
Power Finance Corp disburses Rs 11K cr in first week of lockdown
The company claimed that the lockdown to fight COVID-19 has not affected it’s work as it disbursed Rs 5,300 crore on March 31, itself State-owned Power Finance Corporation (PFC) has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31. The company claimed that the lockdown to […]
Power Finance Corp raises $ 1 billion through Reg-S bonds
Power Finance Corporation has raised $ 1 billion through Reg-S bonds in one go. This was the PFC’s first issuance in the international market after successful acquisition of Government of India holding in REC, according to a company statement. “The issuance attracted a strong and diversified order book indicating investor’s confidence towards PFC’s differentiated credit […]