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01-Dec2017

PFC successfully prices $400 million Green Senior Unsecured Notes

Power Finance Corporation (PFC) has successfully priced a ten year $400 million Green Senior Unsecured Notes offering at a fixed rate coupon of 3.75% from the international debt capital markets under Regulation S of the U.S. Securities Act of 1933 (as amended).

The pricing of the bond saw a spread of 157.5 bps over 10 Year US Treasury. The closing is expected to take place on December 6, 2017. The notes will be listed on Singapore Exchange (SGX-ST) and International Securities Market segment of the London Stock Exchange.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.



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