NCD News of Power Finance Corporation NCD July 2023

Power Finance Corporation Limited is coming up with Public Issue of Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) of the face value of ₹ 1000 each, for an amount of ₹500.00 Crores ('Base Issue Size') " with an option to retain oversubscription up to ₹5,000.00 Crores.

Incorporate in 1986, Power Finance Corporation Limited (PFC) is one of the leading financial institutions in India. It is focused on the power sector. PFC works with Government of India (GoI) agencies, state governments, power sector utilities, other power sector intermediaries, and private sector clients for the development and implementation of policies and structural and procedural reforms in the power sector in India.

Allotment of the NCD's will be done on First Come First Serve Basis.

Power Finance Corporation NCD July 2023 is rated CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited.

The issue opens on Jul 21, 2023 and closes for subscription on Jul 26, 2023. The shares of the company to be list at BSE.

The public issue of Power Finance Corporation Limited opens on Jul 21, 2023 and closes for subscription on Jul 26, 2023.

The Power Finance Corporation NCD July 2023 are proposed to list at BSE.

Allotment of the NCD's will be done on First Come First Serve Basis.