Announced Tue, 23 Jun · 16:26 IST
PFC raises US dollar 300 million via 5.32 percent notes due 2031
Fund Raising View source PDF
PFC · price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹431.75
prior close
₹431.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.7+1.0+0.8+0.4-1.5-1.3-0.4-0.5-2.4-6.9-4.5——
Up moveDown movePending
AI summary
PFC has priced US dollar 300 million of unsecured notes at a 5.32 percent coupon under its US dollar 8 billion Global Medium Term Note Programme. The 5 year notes mature on 30 June 2031 with semi annual interest payments in US dollars. Settlement is expected on 30 June 2026. The notes will list on NSE IFSC and India INX. Proceeds will be used per RBI external commercial borrowing guidelines.
Likely market impact
Diversifies funding with low cost dollar borrowing and widens global investor base. No equity dilution; positive for long term lending capacity.