Power Finance Corp Raises Rs3,000 Crore via 47-month Bonds at 7.13%
IANS 22 August 2022
Power Finance Corporation Ltd raised Rs3,000 crore through bonds maturing in 47 months at a coupon rate of 7.13%, market participants have said.
The company had planned to raise Rs3,000 crore, which included Rs2,500 crore in greenshoe.
The bidding for the bonds has taken place on electronic bidding platform of the National Stock Exchange of India.
The bonds have been rated 'AAA' by CARE, CRISIL and ICRA.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Free Helpline
Legal Credit