PFC prices USD 300 million offshore notes maturing 2029

Fund Raising View source PDF Explain this filing

PFC · price

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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

PFC priced USD 300 million Floating Rate Notes under its USD 8 billion Global Medium Term Note Programme. The notes mature in July 2029 (3 years), with coupon of Overnight SOFR plus 110 basis points, paid quarterly. Settlement is on 16 July 2026. Notes are direct, unsecured, pari-passu with other unsecured debt, listed on NSE IFSC and India INX. Proceeds follow RBI's ECB guidelines.

Likely market impact

Expands PFC's offshore borrowing capacity at competitive rates. Adds USD 300M debt without equity dilution. Limited near-term stock impact.