PFC to issue foreign currency bonds of $1-bn

Power Finance Corporation today said that it will raise external commercial borrowings (ECBs) worth USD 1 billion. Barclays Bank PLC, Standard Chartered Bank and SBICAPS (Singapore) Limited are arrangers for the issue.

"...for the purpose of raising external commercial borrowing up to $1 billion, the Company has mandated Barclays Bank PLC, Standard Chartered Bank and SBICAPS (Singapore) Limited to organise meetings with proposed investors in relation to issue of the Notes," the company said in a BSE filing.