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NABARD Issues India s First AAA Rated INR Social Bonds Worth Rs 1,040 Crore

NABARD Issues India s First AAA Rated INR Social Bonds Worth Rs 1,040 Crore
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NABARD raises Rs 1,040 50 cr via 5-year social bonds at 7 63% coupon

NABARD has planned to raise Rs 3,000 crore, which had a base issue size of Rs 1,000 crore with an option to retain oversubscription up to Rs 2000 crore

PFC files draft shelf prospectus to raise ₹10,000 crore via NCDs

PFC plans to utilize at least 75% of the net proceeds for onward lending, financing,refinancing existing debt, and debt servicing, while up to 25% will be allocated for general corporate purposes

pfc draft shelf prospectus: Power Finance Corporation files Draft Shelf Prospectus for Rs 10,000 crore NCD fund raise

Power Finance Corporation has filed a draft shelf prospectus offering Rs 10,000 crore ($1.34bn) in non-convertible debentures (NCD). The NCDs will be issued in one or more tranches, with at least 75% of the proceeds put towards lending, financing, refinancing or general payment purposes. The rest is earmarked for general corporate purposes.

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