PFC Prices $300M Floating Rate Notes Due 2029

Power Finance Corporation Ltd (PFC) has successfully priced a transaction of U.S.$300,000,000 Floating Rate Notes due 2029. These notes mature in 3 years with a coupon of SOFR + 110 bps per annum, payable quarterly. The settlement date is expected to be July 16, 2026, with the final maturity on July 16, 2029. The notes are direct, unconditional, and unsecured obligations of PFC, ranking pari passu with other unsecured obligations. They will be listed on NSE IFSC and India INX. Proceeds will be used in accordance with RBI's external commercial borrowing guidelines.