Key Transaction Details
PFC launched an issuance of U.S. $300,000,000 5.32 per cent notes due 2031 under its U.S. $8,000,000,000 Global Medium Term Note Programme. The Notes were priced on 22nd June 2026.
Financial Terms
The Notes carry a coupon of 5.32% per annum payable semi-annually in arrear on each Interest Payment Date, specifically on 30th June and 30th December. The settlement date for the Notes is expected to be 30th June 2026. The Notes will mature on 30th June 2031, unless previously redeemed. All principal and interest payments will be made in U.S. Dollars.
Obligations and Listing
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. The Notes will be listed on NSE IFSC and India INX.
Use of Proceeds
The net proceeds from the issuance will be used in accordance with the external commercial borrowing guidelines of the Reserve Bank of India.