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