India, June 24 -- State-owned power sector finance company PFC said it has raised $300 million via issuance of USD-denominated bonds.

In a statement on Monday, Power Finance Corporation (PFC) said it has become the first central public sector undertaking (CPSU) and the first in the NBFC space to successfully tap the international bond market following the announcement of the special swap facility by the Reserve Bank of India (RBI) in its latest monetary policy statement.

The $300-million senior unsecured USD-denominated bonds with a tenor of 5 years are "priced at 105 basis points over the benchmark five-year US Treasury for a fixed coupon of 5.32 per cent per annum", PFC said.

The issue saw a strong investor demand, attracting active ...