Debt

Debt financing

Power Finance Corp raises $300-M via floating rate bonds

Economic Times   Power Finance Corporation  

State-owned Power Finance Corporation (PFC) has raised USD 300 million through the issuance of floating rate notes. These bonds, which mature in July 2029, are set to be listed on NSE IFSC and India INX. The transaction was priced under the firm's USD 8 Billion Global Medium Term Note Programme, featuring a coupon of O/N SOFR plus 110 basis points per annum, payable on a quarterly basis.Power Finance Corporation provides financial assistance to the power sector.The settlement date for the bonds is expected to be July 16, 2026, with interest and principal payments to be made in USD.

For FY26, Power Finance Corporation had reported about INR 58,503.73 crore in Operating Income and about INR 20,051.34 crore in PAT.