India, June 23 -- Power Finance Corporation (PFC), a Maharatna CPSU and India's leading power sector NBFC, has become the first Central Public Sector Undertaking (CPSU) and the first NBFC to successfully tap the international bond market after the Reserve Bank of India introduced its swap facility. PFC raised USD 300 million through a five-year bond issuance, attracting strong investor interest from Europe and Asia.

Key Highlights PFC becomes the first CPSU and first NBFC to issue USD bonds under the RBI swap window. The company successfully raised USD 300 million through a 5-year bond issuance. The bonds were priced at 105 basis points over the 5-year U.S. Treasury with a 5.32% coupon. Proceeds will support power and infrastructure...