Published on 1/23/2020 in the Prospect News Emerging Markets Daily.
New Issue: India’s Power Finance sells $750 million of 3.95% notes
Chicago, Jan. 23 – Power Finance Corp. Ltd. issued $750 million of new 3.95% notes (//BBB-) due 2030, according to a notice.
Barclays, MUFG Securities Asia Ltd. and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.
The company, which provides financing for electrical power, is based in New Delhi.
| Issuer: | Power Finance Corp. Ltd.
|
| Description: | Notes
|
| Amount: | $750 million
|
| Maturity: | 2030
|
| Bookrunners: | Barclays, MUFG Securities Asia Ltd. and Standard Chartered Bank
|
| Coupon: | 3.95%
|
| Issue date: | Jan. 23
|
| Distribution: | Rule 144A and Regulation S
|
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