Power Fin Corp to raise at least 1.5 bln via bonds: sources

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

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

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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.