PFC to sell retail tax free bonds worth Rs 700 crore next week

KOLKATA: Power Finance Corporation is looking to raise Rs 700 crore in retail tax free bonds next week, according to a note sent to investors.The power financier has kept the coupon between 7.11 per cent and 7.60 per cent depending upon the tenure of the issue.

There will be three different maturity periods - 10 years, 15 years and 20 years. Minimum investment would be Rs 5,000 while the face value for bonds is Rs 1,000 each.