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Power Finance Corporation raises funds from international market

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Capital Market

Successfully prices 10 year USD 400 million Green Senior Unsecured Notes offering

Power Finance Corporation has successfully priced a ten year USD 400 mn Green Senior Unsecured Notes offering at a fixed rate coupon of 3.75% from the international debt capital markets under Regulation S of the U.S. Securities Act of 1933 (as amended). The pricing of the bond saw a spread of 157.5 bps over 10 Year US Treasury. The closing is expected to take place on 6th December, 2017. The notes will be listed on Singapore Exchange (SGX-ST) and International Securities Market segment of the London Stock Exchange.

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First Published: Dec 01 2017 | 2:07 PM IST

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