PFC prices US$300M floating rate notes due 2029

Fund Raising View source PDF Explain this filing

PFC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹406.60

prior close

₹403.00

announcement price

After-mkt

timing

Nifty 100market-0.1%-0.1% vs market

Financial Institution peers, median of 7sector-0.2%+0.0% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty 100 and in line with its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.4

15m

-0.3

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2-0.1-0.1-0.2+0.0

Next day

+0.6-0.7+1.3-1.0+1.6

-0.3-0.5+0.2-0.6+0.4

-1.1-0.6-0.6-1.7+0.6

-0.5+0.3-0.8-1.7+1.2

+1.7+0.1+1.6-1.3+3.0

+1.1-0.7+1.9-3.0+4.1

15d

+2.7+2.5+0.3-0.2+2.9

-7.0+1.2-8.2-1.8-5.2

-15.4-4.2-11.2-12.0-3.4

-15.8-5.9-9.9-13.0-2.8

UpDownMarket · Nifty 100Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.