Power Finance Corp successfully raised $300 million in international bonds, marking India's second such issuance since the RBI's special swap arrangement. The five-year bond was priced at 105 basis points above US treasuries, attracting a substantial order book. This move capitalizes on the RBI's 1.5% fixed-rate swap for external borrowings, with other major Indian banks also planning similar issuances.
Power Finance Corp (PFC) successfully raised $300 million through a five-year dollar bond. This marks India's second international issuance leveraging the RBI's special swap arrangement, priced at 105 basis points above US treasuries. The substantial order book reflects strong…
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