The Power Finance Corporation is preparing to sell bonds to the general public in the month of July: source
The bond offering would most likely consist of two tenors, each worth Rs 5,000 crore.
Money Poise
According to a source familiar with the situation, the public offering of bonds by the state-owned Power Finance Corporation is scheduled to take place in the third week of July and would aim to raise Rs 10,000 crore.
The individual claimed that the bond issue will probably consist of two tenors of Rs. 5,000 crore each, and they added that the corporation may exercise the green shoe option.
"PFC is going to be releasing a massive public offering of bonds. The amount of the issue is 10,000 billion rupees, and it will be distributed in the month of July. The DRHP, or draft red herring prospectus, was submitted to Sebi on July 6th. The individual told Moneycontrol that the Red Herring Prospectus (RHP) will contain additional information in greater detail.
PFC has been giving financial assistance to power projects all over India, including generation, transmission, distribution, and rehabilitation, modernization, and upgradation projects.
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