Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is planning to open its Rs 5,000 crore public issue of secured, redeemable Non-Convertible Debentures on January 15, 2021. The base Issue size is Rs 500 crore with an option to retain oversubscription of up to Rs 4,500 crore aggregating up to Rs 5,000 crore which are within the shelf limit of Rs 10,000 crore.

The Non-convertible debentures (NCDs) are of the face value of Rs 1,000 each. The Tranche I Issue is scheduled to close on January 29, 2021, with an option of early closure or extension as decided by PFC's Board of Directors or a duly constituted committee thereof.

PFC is central PSU under Ministry of Power and India's leading NBFC.