Power Finance Corporation(PFC) has secured its largest foreign currency term loan to date, totaling USD 1.265 billion.

Banking & Finance

Power Finance Corporation Limited (PFC), a Maharatna public sector enterprise and one of India's leading non-banking financial companies (NBFC), operating under the Ministry of Power, has secured its largest foreign currency loan of USD 1.265 billion.


      - This transaction was executed through a facility agreement with several banks located in the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat.

      - PFC intends to utilize these funds to finance projects unrelated to thermal power (coal-based), thereby promoting green and sustainable energy initiatives. This aligns with India’s objectives of reducing carbon emissions and enhancing renewable energy capacity.

     

Main Points:-   SBI, IDBI, Axis, MUFG, Deutsche & SMBC were the bankers to the issue with SBI being the largest lender and also acting as facility agent for this transaction.

     


About Power Finance Corporation Ltd (PFC)

Chairman & MD: Parminder Chopra
Headquarters: New Delhi
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