Power Finance Corporation raises USD 500 mn via dollar-denominated bonds

State-run non-banking finance firm Power Finance Corporation Ltd (PFC) on Tuesday said it has raised USD 500 million through the issuance of dollardenominated bonds. PFC, the leading NBFC in the power sector, successfully raised USD 500 million on January 29, 2021, through the issuance of USD denominated bonds under ‘Reg S route’ with a fixed maturity of May 16, 2031, a PFC statement said. Commenting on the success of bond issuance, Chairman and Managing Director of PFC, R S Dhillon expressed satisfaction that despite the challenging COVID-19 situation being witnessed globally, the PFC’s bond offer attracted wide participation from international investors.