PFC to sell bonds worth $1.4 billion to individual investors

Power Finance Corporation (PFC) plans to sell bonds worth $1.4 billion to individual investors. ….

According to PFC’s draft prospectus, it plans to raise the entire amount in this quarter. The planned offering would be the company’s maiden taxable issuance to individual buyers. PFC has hired Trust Investment Advisors Private, A.K. Capital Services Limited, Edelweiss Financial Services Limited and JM Financial Services Limited as lead managers for the offering. In addition, it plans to issue the AAA rated notes in one or more tranches.

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