Announced Fri, 10 Jul · 16:23 IST
PFC prices USD 300 million offshore notes maturing 2029
Fund Raising View source PDF
PFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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
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.