Power Finance Corporation surges on raising $300 million via U.S. dollar-denominated notes
Power Finance Corporation is currently trading at Rs. 436.00, up by 5.05 points or 1.17% from its previous closing of Rs. 430.95 on the BSE.
The scrip opened at Rs. 430.95 and has touched a high and low of Rs. 436.20 and Rs. 430.20 respectively. So far 119157 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 486.45 on 28-Apr-2026 and a 52 week low of Rs. 330.05 on 18-Dec-2025.
Last one week high and low of the scrip stood at Rs. 444.75 and Rs. 422.50 respectively. The current market cap of the company is Rs. 143653.43 crore.
The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 34.65% and 9.35% respectively.
Power Finance Corporation has raised $300 million through issuance of U.S. dollar-denominated notes. The notes have a tenor of 5 years and carry a coupon of 5.32% per annum payable semi-annually in arrear on each Interest Payment Date i.e. June 30 and December 30. The notes have been priced on June 22, 2026 and will mature on June 30, 2031. The notes have been issued under the company’s $8.00 billion Global Medium Term Note Programme.
The notes represent direct, unconditional and unsecured obligations of the company and will rank pari-passu among themselves and all other unsecured obligations of the Issuer. The notes will be listed on NSE IFSC and India INX. The net proceeds from the issuance of these notes will be used in accordance with the external commercial borrowing guidelines of the Reserve Bank of India.
