Home » PFC to raise Rs 16,800 cr

PFC to raise Rs 16,800 cr

Power & New and Renewable Energy
November 1, 2011November 1, 2011
PFC to raise Rs 16,800 cr
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Power Finance Corp (PFC) is hoping to raise nearly Rs 16,800 crore in the coming months through issue of securities, including tax-free bonds. Further, PFC has received regulatory approval for $1 billion (about Rs 4,900 crore) Medium Term Note (MTN) programme that would tap international bond market. PFC expects to raise around Rs 30,000 crore in the current fiscal and is estimated to have raised nearly half of that amount.

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