{"id":"f-8b070c46fc-98f065f4-dbc0-5fcb-bc03-858161e27fca","title":"PFC launches third public NCD issue, plans to raise Rs 5,000 crore","description":"Kolkata, Jan 15 (PTI) Power Finance Corporation (PFC) on Thursday launched its third public issue of secured, redeemable non-convertible debentures, with Chairperson and Managing Director Parminder Chopra calling the strong investor response to its earlier bond offerings a “clear vote of confidence” in the power sector","timestamp":1768477101,"category":"business","headline":"PFC launches third public NCD issue, plans to raise Rs 5,000 crore","modifiedHeadline":"PFC Plans to Raise Rs 5000 Crore via NCD Issue","subCategories":["scid_82c07a94"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"66","fcSummary":"Power Finance Corporation (PFC) launched its third public issue of secured, redeemable non-convertible debentures, aiming to raise up to ₹5,000 crore. The NCD issue offers multiple series with tenures of 5, 10 and 15 years, including a zero-coupon bond option.","summary":"PFC launches its third public NCD issue, aiming to raise ₹5,000 crore. MD Chopra cites investor confidence in the power sector.","ctaUrl":"https://trends.glance.com/newz/India_News/IN/en/pti/f-8b070c46fc-98f065f4-dbc0-5fcb-bc03-858161e27fca","sourceUrl":"http://www.ptinews.com","bannerImage":"https://g-mob.glance-cdn.com/public/dynamic/720x1280/6cfcc91b7645d153fee035f98e0ab168e4e6c054.webp","content":"

Kolkata, Jan 15 (PTI) Power Finance Corporation (PFC) on Thursday launched its third public issue of secured, redeemable non-convertible debentures, with Chairperson and Managing Director Parminder Chopra

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calling the strong investor response to its earlier bond offerings a “clear vote of confidence” in the power sector.

Chopra said the sector remains a “fundamental pillar” of India’s growth and self-reliance, with PFC acting as the key financial enabler of the transition.

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The company plans to raise up to Rs 5,000 crore through the public NCD issue, which comes after nearly 30 months, with a base issue size of Rs 500 crore and a green-shoe option to accept oversubscriptions up to the full amount.

The public NCD issue – the company’s third such offering and the first zero coupon public bond issue by a PSU in the current calendar year – is set to open for subscription on January 16 and run through January 30.

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Chopra noted that previous issues were subscribed more than five times.

“This third issue reflects maturity, continuity and a long-term commitment,” he told reporters here.

The NCD issue offers multiple series with tenures of 5, 10 and 15 years, including a zero-coupon bond option, a first for a PSU in the public bond market. The zero-coupon option is structured to nearly double the investment over a 10-year period, with returns taxed as long-term capital gains.

Other series offer cumulative interest options, under which investments can grow to nearly three times over a 15-year horizon, providing flexibility for both retail and institutional investors.

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Highlighting the company’s financial strength, Chopra said PFC has financed nearly 50 per cent of India’s installed power capacity, with a loan asset book of Rs 5.61 lakh crore as of September 2025.

It reported a profit of close to Rs 8,900 crore in the first half of the current financial year, she said.

“These numbers reflect our resilience and long-term vision,” Chopra added. PTI BSM RBT

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PFC launches third public NCD issue, plans to raise Rs 5,000 crore

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