India New Issue-PFC to issue multiple tenor bonds, bankers say

Power Finance

20/08/2026 07:46

MUMBAI, Aug 20 (Reuters) - India's Power Finance Corp PWFC.NS plans to raise up to 50 billion rupees ($522.81 million), through the sale of bonds maturing in three years and in 15 years, three merchant bankers said on Friday.
The company has invited coupon and commitment bids from bankers and investors for the issues on Monday, they said.
The company did not respond to a Reuters email seeking comment.

 
 Here is the list of deals reported so far on August 20: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
PFC
3 years
To be decided
5+20
August 24
AAA (Care, Icra, Crisil)
PFC
15 years
To be decided
5+20
August 24
AAA (Care, Icra, Crisil)

*Size includes base plus greenshoe for some issues



($1 = 95.6375 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))