PFC plans to raise at least 1.5 bln rupees via bonds

Source : REUTERS
Last Updated: Wed, Jun 19, 2013 04:36 hrs
An employee works on electric pylons at a power station in Greater Noida

Power Finance Corporation Ltd is planning to raise at least 1.5 billion rupees ($25.53 million) through the issue of 2 and 3-year bonds, a termsheet sent by the company after market hours on Tuesday showed.

PFC has invited bids on Wednesday from merchant bankers for the bond sale.

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