Archive · 13 Jan 2026
PFC Launches Rs 5,000 Crore Bond Issue
Power Finance Corporation (PFC) is launching a bond issue to raise ₹5,000 crore.
The bonds will have a base size of ₹500 crore and a greenshoe option of ₹4,500 crore.
The issue will be open for subscription from January 16 to January 30.
The coupon rate offered is between 6.85% and 7.30%.
The bonds have been rated 'AAA' with a 'stable' outlook by CARE, Crisil, and Icra.
The proceeds will be used for lending and general corporate purposes.
This comes after PFC withdrew three previous bond issues due to higher yield demands from investors.
PFC plans to raise ₹5,000 crore through a bond issue with a base size of ₹500 crore and a greenshoe option of ₹4,500 crore.
The issue will be open for subscription from January 16 to January 30, with an option for early closure or extension.
The coupon rate offered is between 6.85% and 7.30%, with bonds rated 'AAA' with a 'stable' outlook by CARE, Crisil, and Icra.
Proceeds will be used for onward lending, financing/refinancing existing indebtedness, and general corporate purposes.
This bond issue follows the withdrawal of three previous bond issuances due to higher yield demands from investors.
- Who
- Power Finance Corporation (PFC)
- What
- Launch of a bond issue to raise ₹5,000 crore
- When
- Subscription opens on January 16 and closes on January 30
- Where
- India
- Why
- To raise funds for lending and corporate purposes
- Issue Size
- ₹5,000 crore
- Base Size
- ₹500 crore
- Greenshoe Option
- ₹4,500 crore
- Coupon Rate
- 6.85-7.30 per cent
- Rating
- AAA with stable outlook
- Subscription Period
- January 16 to January 30
- Utilization of Proceeds
- 75% for lending, 25% for corporate purposes
- Listing
- NSE
