Power Finance Corporation Limited (PFC) has priced a transaction of U.S.$300,000,000 Floating Rate Notes due 2029 under its U.S.$8,000,000,000 Global Medium Term Note Programme.
Key Terms of the Notes:
- Issue Size: U.S.$300,000,000
- Maturity: 3 years
- Maturity Date: 16th July, 2029
- Coupon: O/N SOFR + 110 bps per annum
- Interest Payment Frequency: Quarterly in arrears
- Interest Payment Dates: 16th October, 16th January, 16th April, and 16th July
- Settlement Date: Expected to be 16th July 2026
Security and Ranking:
The Notes represent direct, unconditional and unsecured obligations of PFC and will rank pari passu among themselves and all other unsecured obligations of the Issuer.
Listing Arrangements:
The Notes will be listed on NSE IFSC and India INX.
Use of Proceeds:
The net proceeds from the issuance of these Notes will be used in accordance with the external commercial borrowing guidelines of the Reserve Bank of India.
Regulatory Compliance:
This intimation is made in compliance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Document Authentication:
The disclosure is digitally signed by Manish Kumar Agarwal, Company Secretary & Compliance Officer, on July 10, 2026, at 15:44:17 +05:30.