Saturday, June 25, 2022

PFC’s Euro Green Bonds are now listed on Luxembourg Stock Exchange

Power Finance Corp (PFC) has successfully listed its maiden 300 Mn 1.841 percent Euro green bonds on Luxembourg Stock Exchange

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New Delhi: Power Finance Corporation Ltd (PFC) has successfully listed its maiden 300 Mn 1.841 percent Euro green bonds on Luxembourg Stock Exchange, which is the largest green bond listing platform. The listing has been done under the co-operation agreement signed between India INX and Luxembourg Stock Exchange, which encompasses areas of mutual interest in Green bonds and ESG space.

RS Dhillon, Chairman and Managing Director of PFC, rang the bell at the listing ceremony held in GIFT IFSC Gujarat on on Wednesday for PFC’s dual-listed Euro Bond on Luxembourg Stock Exchange. The Euro Bond has been dual listed. The listing ceremony was attended by Injeti Srinivas, IFSCA Chairman, Her Excellency Peggy Frantzen, Ambassador of the grand Duchy of Luxembourg Arnauld Delestienne, Director International Capital Market & Member of the Executive Committee, Luxembourg Stock Exchange, Mr V Balasubramaniam- Managing Director & CEO- India INX, in addition to other senior officials from IFSCA, PFC, India INX and Luxembourg Stock Exchange.

PFC had issued its maiden 300 Mn 1.841 percent Euro Green Bonds in September 2021, through which PFC forayed into the European markets for the first time. The listing on the prestigious Luxembourg stock exchange, would give PFC a further opportunity to enhance its visibility amongst the European investors and ease access to European markets for future issuances.

During the ceremony, Dhillon commented that “This listing on Luxembourg stock exchange would aid PFC in strengthening its presence in the European continent and help facilitate future financing to meet the green energy goals set out by the Govt. of India.”

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