Power Fin Corp to raise at least 1.5 bln via bonds: sources | business | Hindustan Times
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Power Fin Corp to raise at least 1.5 bln via bonds: sources

business Updated: Dec 08, 2010 11:26 IST

Reuters
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Power Finance Corp (PFC) plans to raise at least 1.5 billion rupees through bonds, two arrangers to the deal told Reuters.

It will sell 20-year paper with three equal redemption instalments at the 10th, 15th and 20th year. The coupon has been set at 9.05%.

The bond issue opened on Wednesday and will close on Friday, the arrangers said.