PFC updates on fund raising

Power Finance Corporation Limited (the "Issuer" or "PFC") rated Baa3/Stable (Moody's), BBB-/Stable (S&P) and BBB-/Stable (Fitch), has mandated Barclays, SBICAP and Standard Chartered Bank as Joint Bookrunners and Joint Lead Managers to organize a series of fixed income investor meetings in Asia, and Europe starting 23 November 2017 in connection with a USD denominated benchmark size 10 years Green Senior Unsecured Notes offering under Regulation S of the U.S. Securities Act of 1933 (as amended) (the "Securities Act") which will follow subject to market conditions.

Shares of POWER FINANCE CORPORATION LTD. was last trading in BSE at Rs.127.25 as compared to the previous close of Rs. 126.4. The total number of shares traded during the day was 245954 in over 1187 trades.

The stock hit an intraday high of Rs. 128.3 and intraday low of 125.3. The net turnover during the day was Rs. 31225298.

Source : Equity Bulls

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