Power Finance Corporation to raise Rs 80,000 cr through different sources

New Delhi: State-owned Power Finance Corporation Limited (PFC) in a regulatory filing said that the directors of the company have approved the raising of resources worth Rs 80,000 crores for FY 2023-24 through bonds, term loans, and commercial paper from domestic and international markets. The board of directors held a meeting on Tuesday to discuss the same, it stated.

Fund raising through various sources

The company also stated that it is going to raise Rs 40,000 crores through bonds, term loans and domestic borrowing. It also said that Rs 20,000 crores from foreign currency borrowings, syndicated loans, subordinated loans, etc. Rs 10,000 crores will be raised via short-term loans. It will also raise Rs 10,000 crores through commercial paper, it said.

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