Power Finance Corporation Limited (PFC) — Announcement

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📢 Key Event
PFC launches $300M 5.32% bonds due 2031

💡 Investor Takeaway
Investors gain access to diversified funding but face sovereign-like credit exposure and currency risk.

Power Finance Corporation Limited announced the pricing and issuance of $300 million worth of 5.32% U.S. dollar bonds due 2031 under its $8 billion Global Medium Term Note Programme, with proceeds allocated to external commercial borrowing purposes as per RBI guidelines. The bonds were priced on June 22, 2026, and will settle on June 30, 2026, with semi-annual interest payments on June 30 and December 30. The notes are unsecured obligations ranking pari passu with other unsecured debt and will be listed on NSE IFSC and India INX. This issuance marks PFC's entry into international capital markets with a long-dated sovereign-like instrument, enhancing its funding diversification. The move reflects strategic capital structure optimization and access to deeper global liquidity pools.

📄 View Original Announcement (PDF)

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