Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has raised $500 million (Rs 3,651 crore) through issuance of notes (bonds) under its $5 billion Global Medium Term Note Programme. The company launched issuance of $500,000,000 3.35 percent notes due 2031 under the $5,000,000,000 Global Medium Term Note Programme.

The notes have been priced on January 21, 2021 and carry a coupon of 3.35 percent per annum. The settlement date for the notes is expected to be January 29, 2021. Unless previously redeemed pursuant to the terms and conditions of the Notes, the Notes will mature on May 16, 2031, and principal and interest payments will be made in US Dollars.

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