PSU NEWS
PFC raises Rs 4335 cr via bond issue on BSE e-book platform
NEW DELHI . Power Finance Corporation (PFC) has raised Rs 4,335 crore from the issuance of debt securities on the BSE`s newly launched electronic book mechanism platform. There were 15 arrangers in the issue, which was conducted on coupon discovery basis.
The platform -- BSE Bond-- was launched last month to facilitate online bidding for private placement of debt securities. Since the launch on July 1, it has managed 27 issuances with a cumulative issue size of Rs 9,200 crore. "BSE-Bond platform has managed the largest issuance by a PSU of Rs 4,335 crores by PFC on August 10," the exchange said in a statement.
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