Saturday, June 2, 2007

PFC to raise Rs 150 Cr via 3yr & 5 yr bonds

The Power Finance Corporation, or PFC, is going to raise Rs 150 crore via 3-year and 5-year bonds.

VK Garg, CMD, PFC, says the spread margins could be under pressure for shorter term. The money raised will be used for lending to borrowers for power projects.

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