PSU NEWS
PFC Borrows USD 300 Million through Syndicated Loan
New Delhi: Power Finance Corporation Limited (PFC) has successfully raised equivalent USD 300 Million through 3 Year Syndicated Loan from State Bank of India, Hong Kong and MUFG Bank Limited, Singapore.
This is PFC’s second foreign currency borrowing in the current Quarter. Earlier, PFC raised USD 1 Billion through issuance of Reg-S bonds which was the biggest bond issuance overseas by a Govt. owned NBFC.
By concluding the current USD 300 million deal, PFC has already mobilized USD 1.3 Billion indicating investor's confidence in PFC post acquisition of Government shareholding of 52.63% in REC Limited.
Read Also : Indian Air Force ushers in Digital Transformation with DigiLocker Integration
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station