PFC plans to raise nearly Rs 16,800 cr

PFC plans to raise nearly Rs 16,800 cr

The state-run lender for the power sector has already started the sale process for tax-saving infrastructure bonds and tax-free bonds, which together could raise up to Rs 11,900 crore. Further, PFC has received regulatory approval for about Rs 4,900 crore Medium Term Note (MTN) programme that would tap international bond market. All these issues could mop up as much as Rs 16,800 crore.

PFC Director (Finance) R Nagarajan said that there would be both 10-year term bonds carrying an interest rate of 8.50 per cent as well as 15-year term bonds having an interest rate of 8.75 per cent.

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