Loan & Debt23 Jun 2026, 04:23 pm
PFC Launches $300M Notes Under $8B Global Medium Term Note Programme
AI Summary
Power Finance Corporation Ltd (PFC) has announced the issuance of U.S. $300,000,000 5.32 per cent notes due 2031 under its U.S. $8,000,000,000 Global Medium Term Note Programme. The notes were priced on June 22, 2026, with a coupon rate of 5.32% per annum, payable semi-annually. The settlement date is expected to be June 30, 2026, and the maturity date is June 30, 2031. These notes represent direct, unconditional, and unsecured obligations of PFC, ranking pari passu with other unsecured obligations. They will be listed on NSE IFSC and India INX. The proceeds will be used in compliance with RBI's external commercial borrowing guidelines.
Key Highlights
- PFC issues $300M notes maturing in 2031.
- Notes carry a 5.32% annual coupon, payable semi-annually.
- Proceeds to be used per RBI's ECB guidelines.
- Notes will be listed on NSE IFSC and India INX.
- This issuance is part of an $8B Global Medium Term Note Programme.
Price Impact
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