Power Finance to raise Rs300-400 crore via bonds

Power Finance to raise Rs300-400 crore via bonds

New Delhi: Power Finance Corp plans to raise Rs3 billion-4 billion through a bond issue in a week’s time, Chairman Satnam Singh said on Monday.

“The bond issue will be with a green shoe option," Singh told reporters.

He said compared to the firm’s target of raising Rs200 billion in the current financial year, the firm has already raised Rs120 billion in the first six months of the current fiscal.

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