By Taylor Fox
New York, Jan. 29 – Power Finance Corp. Ltd. issued $500 million of new 3.35% notes due May 16, 2031, according to a notice.
Barclays, MUFG Securities EMEA plc and Standard Chartered Bank were the bookrunners for the deal.
The Bank of New York Mellon, London Branch is the principal paying agent.
The company, which provides financing for electrical power, is based in New Delhi.
| Issuer: | Power Finance Corp. Ltd.
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| Description: | Notes
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| Amount: | $500 million
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| Maturity: | May 16, 2031
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| Bookrunners: | Barclays, MUFG Securities EMEA plc and Standard Chartered Bank
|
| Coupon: | 3.35%
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| Issue date: | Jan. 29
|
| Listing date: | Feb. 1
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