Power Finance Corporation has raised $300 million through issuance of U.S. dollar-denominated notes. The notes have a tenor of 5 years and carry a coupon of 5.32% per annum payable semi-annually in arrear on each Interest Payment Date i.e. June 30 and December 30. The notes have been priced on June 22, 2026 and will mature on June 30, 2031. The notes have been issued under the company’s $8.00 billion Global Medium Term Note Programme.
The notes represent direct, unconditional and unsecured obligations of the company and will rank pari-passu among themselves and all other unsecured obligations of the Issuer. The notes will be listed on NSE IFSC and India INX. The net proceeds from the issuance of these notes will be used in accordance with the external commercial borrowing guidelines of the Reserve Bank of India.
Power Finance Corporation is engaged in providing financial assistance to Power Utilities for meeting financing and development requirements of the power sector.
| Company Name | CMP |
|---|---|
| Power Finance Corpn. | 432.50 |
| REC | 364.55 |
| Indian Railway Fin. | 91.78 |
| NHIT | 160.00 |
| Satin Creditcare Net | 230.95 |
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