Power Finance Corporation Ltd.

State-run lender, Power Finance Corporation (PFC) is now planning to raise at least Rs 150 crore through an issue of 10-year subordinated tier II bonds which are rated as ‘AAA’ by CRISIL and ICRA. The proceeds from this sale will be utilized to strengthen capital adequacy and augment long-term resources.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.