PFC Launches Third Public NCD Issue

Power Finance Corporation (PFC) is launching its third public issue of bonds to raise money.

They plan to collect up to ₹5,000 crore.

This is their first zero-coupon bond issue, which means the investment will grow significantly over time without paying regular interest.

The bonds have different lengths of time you can invest for, like 5, 10, or 15 years.

PFC is a big company that helps finance India's power projects.

They have already financed almost half of India's power capacity and have a large loan book.

Their previous bond issues were very popular, showing that investors trust them.

The money raised will help support India's power sector, which is important for the country's growth.