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PFC raises $300 million loan from overseas

State-owned Power Finance Corporation Monday said it has rai..

State-owned Power Finance Corporation Monday said it has raised USD 300 million (Rs 2,070 crore) loan from overseas.

The loan has been jointly approved by State Bank of India, Hong Kong and MUFG Bank Ltd, Singapore.

This is PFC's second foreign currency borrowing in the current fiscal, a PFC statement said.

Earlier, PFC raised USD 1 billion through issuance of Reg-S bonds. This was the biggest bond issuance overseas by a government-owned non banking finance cRead More – Source
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