PFC is the 1st indian public sector company PSU NEWS

 

New Delhi: PFC is the 1st Indian Public Sector Company to issue Senior Unsecured USD Bonds for a tenor of more than 10 years PFC, the leading NBFC in power sector, successfully carried out the issuance of 10.25 year USD 750 million bonds on 15th January 2020 under Reg S & 144 A route. The bonds have a fixed coupon of 3.95% p.a. and a yield of 4.066%. With this offering, PFC becomes the first Indian Public Sector Company to issue senior unsecured USD bonds with a tenure of more than 10 years.
 
This is also PFC’s third international bond issuance in FY 19-20 as well as PFC’s largest single tranche bond. The final order book amounted to more than USD 2.2 billion, attracting active and wider participation from investors across US, European and Asian markets, with around 42% participation from the US market.
 
The proceeds from bonds will be utilised in accordance with the external commercial borrowing regulations of the Reserve Bank of India including for on lending to power sector utilities.With this issue, under the PFC borrowing programme of USD equivalent 12 billion for FY 19-20, the total foreign currency raising stands at around USD 3 billion, while the domestic raising is at around USD equivalent 7 billion.
 
Commenting on the success of bond issuance, Chairman and Managing Director of PFC, Mr. Rajeev Sharma states that I am happy that PFC’s bond offer saw a strong demand in the international market and the global investors have chosen to contribute to the development of Indian Power Sector. The deal concluded at very attractive terms, which shows the high confidence of investors in PFC’s business as well as its credit profile and the growth story of Indian Power sector.


Posted Date :  17-01-20

Categories : PSU NEWS

Similar news

BVFCL contributes rs. 1163726 to PM CARES fund

New Delhi: BVFCL With the contribution of one day’s salary of all the employees of the Company, BVFCL had humbly deposited an amount of ? 11,63,726/- (Rupees Eleven lakhs sixty three thousand seven hundred and twenty six only) to PM CARES Fund to support the Government in preventing the spread
Posted Date :  06-04-20

Read more

NTPC Faridabad contributed Rs. 5 lakh in fight against COVID-19

Faridabad: NTPC Faridabad contributed Rs 5 lakh to District Authorities- Faridabad. The amount will be utilized to support the upcoming isolation centre, procurement of necessary medicines and other essentials commodities which are required in treatment of the patients suffering from COVID 19. S
Posted Date :  06-04-20

Read more

Shri Pralhad Joshi inaugurates an Odisha COVID hospital in Bhubaneswar

Bhubaneswar: Shri. Pralhad Joshi, Hon’ble Minister of Coal, Mines & Parliamentary Affairs inaugurated an “Odisha COVID Hospital” in Bhubaneswar, Odisha through video conferencing, along with Shri. Naveen Patnaik, Hon’ble Chief Minister of Odisha and Shri. Dharmendra Pradhan, Hon’ble Min
Posted Date :  06-04-20

Read more

Body Sanitizing Chamber At Chirimiri Mine Of SECL

Kolkata: SECL has developed and commissioned a “Sanitizing Chamber” at its Bartunga Hill Mine, Chirimiri, South Eastern Coalfields Ltd. to fight COVID19. The full body sanitizer has a total of 16 misting nozzles on either side of the chamber which operates automatically with a timer circuit
Posted Date :  06-04-20

Read more

A big salute to our grid operators

New Delhi: Shri Indu Sekhar Jha , Formr CMD , POWERGRID has Congratulated to all you for showing solidarity in yesterday’s lighting event at 9 pm. Reportedly It’s impact on the grid was about 30,000 MW , more than 2 times what we expected. Still Grid remained stable. It proves robustness and
Posted Date :  06-04-20

Read more

Defence PSUs OFB join fight against COVID-19

New Delhi: Defence Public Sector Undertakings (DPSUs) and the Ordnance Factory Board have pitched in to shore up India's fight against COVID-19. The OFB has planned for 280 isolation beds across 10 hospitals spread over six states in the country. HAL, Bengaluru has an isolation ward facil
Posted Date :  06-04-20

Read more

NHPC Contributes Rs. 10 lakhs For Chief Minister Relief Fund

New Delhi: NHPC contributes Rs.10 lakhs for Chief Minister’s Relief Fund, Sikkim Rs.10 lakh has been contributed in Chief Minister’s Relief Fund, Sikkim by NHPC’S Teesta-V Power Station (Rs 5 Lakh) and Teesta-IV Project (Rs 2.5 lakh) and its subsidiary Lanco Teesta Hydro Power Ltd. (Rs 2.5
Posted Date :  04-04-20

Read more

NTPC Farakka assists district authorities to combat COVID 19

New Delhi: NTPC Farakka has extended assistance to the district authorities in the fight against COVID-19. Shri DSGSS Babji, CGM handed over PPE Kits, surgical masks, Cloth mask, N-95 mask, disposable apron, disposable gloves, disposable cap and liquid soaps to SDO Jangipur, as per directions fro
Posted Date :  04-04-20

Read more

CWC contributes rs. 5.65 crores to the PM Cares Fund

New Delhi: Central Warehousing Corporation (CWC),a PSU under the Ministry of Consumer Affairs, Food & Public Distribution, has contributedRs.5.65 crores (Rs.5.00crore from CSR fund and employees’ voluntarily contribution of one day salary, Rs.65.42 lakhs)to the PM CARES Fund, created following
Posted Date :  04-04-20

Read more

NHPC provides food and medical care to Nepali citizens

New Delhi: NHPC sets example of harmony by providing food and medical care to hundreds of Nepali citizens stranded at Indo-Nepal border in Dharchula. NHPC has set an example of harmony amid lockdown to fight COVID-19 by arranging food, medical check-up facilities and medicines for hundreds of
Posted Date :  04-04-20

Read more