Question

    State-run Power Finance Corporation has raised _______ through the issuance of three-year bonds at a rate of interest of 7.37%.

    A Rs.2750 crore Correct Answer Incorrect Answer
    B Rs.2820 crore Correct Answer Incorrect Answer
    C Rs.2990 crore Correct Answer Incorrect Answer
    D Rs.3080 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      State-run Power Finance Corporation has raised ₹2,990 crore through the issuance of three-year bonds at a rate of interest of 7.37%.   The power sector financier had planned to sell up to ₹3,000 crore worth of bonds, with the sale having a base size of ₹500 crore and a greenshoe option of ₹2,500 crore. The bonds will mature in 2026.

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