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INVEST IN PFC BONDS
FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
RBI's reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on holdThe RBI's recent announcements are expected to attract substantial foreign capital, potentially strengthening the rupee. Analysts anticipat...
India state-run firms tap bond market for $2 billion before funding costs rise"The pickup in issuance suggests companies have stopped waiting for borrowing costs to decline and have accepted that yields are unlikely t...
State-run firms tap bond market for $2 bln before funding costs riseIndian state-run companies are set to raise 175 billion rupees through bond sales this week. Firms like NaBFID, HUDCO, SIDBI, and PFC are i...
Why indexation benefit removal will aid PFC & REC stocks? Nikhil Nigania explainsNikhil Nigania of Bernstein explained how PFC and REC benefit from special 54EC bonds issued to save capital gains tax on real estate sales...
India seeks investment by LIC, pension fund in green bonds: SourcesThe power ministry has written to the finance ministry asking that the LIC and Employees' Provident Fund Organisation (EPFO) be mandated to...
REC bond yields higher than HDFC’sIf two groups merge, immediate offloading of securities is needed to halve their exposure.
How PFC REC merger hits funding costsRural Electrification Corp’s merger with Power Finance Corp doesn’t seem to have gone down well with investors as the former’s borrowing co...
Power Fin Corp to raise $300 million from overseas investorsThe state-owned company obtained an order book of about $1.2 billion, four times higher than the actual size of the issue.
PFC's 54EC capital gain bond issue in July, to raise Rs 18K croreThe PFC is the first company to raise capital gain bonds under Section 54EC this fiscal. The issue would remain open till March 31, 2018.
Power Finance Corporation to buyback infrastructure bondsPFC's infrastructure bonds were sold for 10 years and 15 years and it is now planning to buyback the set of bonds with shorter maturity.
PFC shelves bond sales of Rs 2,500 crore as investors demand higher ratesTwo weeks ago, PFC had raised around Rs 3,400 crore by selling bonds with 5-, 7- and 10-year maturities. The 10-year paper was priced at 8....
Four tax free bond issues hit the financial marketsTax free bonds are back after a lull of two weeks. REC, PFC, HUDCO and IRFC launch their tax free bonds.
- PFC's Rs 5,000-cr tax-free Bonds
PFC is a Navratna Government of India undertaking with the government holding 73.72% stake in it. Allotment will be made on a first-come-fi...
- Power Finance Corp, National Thermal Power Corp, REC line up to tap pension funds in New Year
The power companies are likely to launch medium- to long-term infrastructure bonds in the first week of January to raise 3,000-5,000 crore ...
- NHAI, PFC to come out with Rs 14K crore infra bonds by mid-December
State-owned NHAI and PFC will raise over Rs 14,000 crore by way of infrastructure bond issues by December 15, a finance ministry official s...
- PFC awaits govt approval for Rs 5,000 crore tax-free bonds issue
PFC, expects to raise as much as Rs 30,000 crore this financial year(2011-12). PFC has raised around Rs 13,000 crore rupee loans so far thi...
- PFC in talks with a company to fund Rs 700-cr equity portion
Power Finance Corporation, a power sector lender, is in discussions with a private firm to finance the Rs 700-crore equity portion of the l...
- PFC mulls overseas arm to power infrastructure via forex reserves
Power Finance Corporation (PFC) is examining a proposal to float an overseas financial arm for the development of power sector infrastructu...
- PFC to mop up $1 b from overseas mkts
Power Finance Corporation (PFC) is planning to tap the overseas market to raise a whopping $1 billion in the current fiscal.