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This is an archive article published on March 26, 2010

Power Fin sells Rs 14.7 bn of bonds

Power Finance Corp has raised about Rs 14.7 billion via a bond sale that closed on Thursday.

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Power Finance Corp has raised about Rs 14.7 billion via a bond sale that closed on Thursday,two sources with knowledge of the matter said on Friday.

The issue had aimed to raise at least Rs 1.5 billion via bonds carrying a coupon rate of 8.95 per cent,which are strippable into tenors of 5,10 and 15 years.

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