Announced Fri, 10 Jul · 16:18 IST
PFC prices US$300M floating rate notes due 2029
Fund Raising View source PDF
PFC · price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹406.60
prior close
₹403.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.4-0.3-0.5+0.6-0.3-1.1-0.5+1.7+1.1————
Up moveDown movePending
AI summary
Power Finance Corporation priced US$300 million floating rate notes maturing in July 2029. The 3-year notes carry a coupon of overnight SOFR plus 110 basis points, paid quarterly. Issued under its US$8 billion Global Medium Term Note Programme. Proceeds will be used per RBI external commercial borrowing guidelines. Notes will be listed on NSE IFSC and India INX. Settlement expected on 16 July 2026.
Likely market impact
Overseas debt raise at SOFR plus 110 bps; strengthens funding base for lending operations.