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PFC eyes up to Rs 5,000 crore via public issue of bonds
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Power Finance Corporation will likely launch this week its first public issue of bonds since January 2021, looking to raise up to ₹5,000 crore. The issue, which opens on July 21 and closes on July 28, could have a base size of ₹500 crore and a greenshoe option of ₹4,500 crore, sources said.
The arrangers to issue include Trust Investment Advisors, AK Capital Services, JM Financial, SMC Global Securities and Edelweiss Financial Services.PFC's issue includes three tranches — three-year bonds, 10-year bonds and 15-year bonds. The portion for institutional investors makes up 10%, while that for non-institutional investors accounts for 10%.
Read more on economictimes.indiatimes.comAbout this in other media
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