PFC to launch 8.3% tax free bonds

Taking advantage of falling yields, the Power Finance Corporation (PFC) would look to raise Rs 4,000 crore through tax-free infrastructure bonds in the last week of December. The power sector lender is mulling the coupon it would be offered in a falling interest rate scenario. “Bonds with tenure of 10 and 15 years would be issued to the investors,” Satnam Singh, chairman and managing director, told Business Standard.


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