Power Finance Corporation Issues India’s First-Ever Euro-Denominated Green Bond
The £300 million bonds will mature in 2028
September 17, 2021
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Power Finance Corporation Ltd (PFC), a financial institution under the Ministry of Finance, issued its maiden Euro Green Bond of £300 million (~$353 million) under the U.S. Global Medium Term Note Program. The bonds will have a tenor of seven years at a coupon of 1.841%.