| | SEPTEMBER 20229Power Finance Corporation Ltd raised Rs.3,000 crore through bonds maturing in 47 months at a coupon rate of 7.13 percent, market participants have said.The company had planned to raise Rs.3,000 crore, which included Rs.2,500 crore in greenshoe. The bidding for the bonds has taken place on electronic bidding platform of the National Stock Exchange of India. The bonds have been rated 'AAA' by CARE, CRISIL and ICRA.PFC is under the administrative control of the Ministry of Power. PFC was conferred the title of a 'Maharatna CPSE' in October 2021, and was classified as an Infrastructure Finance Company by the RBI on 28th July, 2010.PFC plays a crucial role in the rise of India as a global player. Increasingly, a country's development is gauged by measuring its energy usage. With a large fraction of our nation still, unfortunately, without any access to electricity, PFC will become an increasingly important factor in the years to come. PFC Secures Rs.3,000 crore via 47-month Bonds at 7.13 PercentIN FOCUSPFC is under the administrative control of the Ministry of Power. PFC was conferred the title of a 'Maharatna CPSE' in October 2021, and was classified as an Infrastructure Finance Company by the RBI on 28th July, 2010
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