During the last 3 years, PFC saw a significant jump in its renewable business, with loan disbursements growing five times. Photo: MintNew Delhi: State-owned Power Finance Corporation (PFC) has raised $400 million through its maiden green bond issue. PFC has successfully priced this 10-year Reg S Green Bond at a fixed rate coupon of 3.75%,” a PFC statement said. One of its objectives is to support renewable and sustainable energy-led expansion. This green bond also helps in PFC’s strategy of diversifying its source of funding.

Source: Mint December 01, 2017 12:11 UTC