Mumbai, Aug 22 (SocialNews.XYZ) Power Finance Corporation Ltd raised Rs 3,000 crore through bonds maturing in 47 months at a coupon rate of 7.13 per cent, market participants have said.
The company had planned to raise Rs 3,000 crore, which included Rs 2,500 crore in greenshoe.
The bidding for the bonds has taken place on electronic bidding platform of the National Stock Exchange of India.
The bonds have been rated 'AAA' by CARE, CRISIL and ICRA.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz