Power Finance Corporation Limited..
Power Finance Corporation Limited to tap Capital Market to raise up to Rs. 5,000 crore via public issue of Secured NCDs (Smt. Parminder Chopra, Chairman and Managing Director, at the press conference of Power Finance Corporation Limited (PFC) held today in Mumbai.) · Public Issue of secured, rated, listed, taxable, redeemable, non-convertible debentures (NCDs) of face value of Rs. 1,000 each (except in case of zero coupon NCD, face value shall be ₹ 1,00,000 each) · The Tranche I Issue of NCDs is for a Base Issue Size of Rs. 500 crore with a green shoe option of up to Rs. 4,500 crore aggregating up to Rs. 5,000 crore, which is within the shelf limit of Rs. 10,000 crore · NCDs are rated “CARE AAA; Stable” by CARE Ratings Limited, “Crisil AAA/Stable” by Crisil Ratings Limited and [ICRA] AAA (Stable) by ICRA Limited · ...