India’s Power Finance considering note offering of up to $1 billion

By Wendy Van Sickle

Columbus, Ohio, June 15 – Power Finance Corp. Ltd. is considering a note offering of up to $1 billion, according to a notice with the Bombay Stock Exchange.

The notes would be used for lending to the company’s borrowers.

As previously reported, the company said it has asked Barclays Bank plc, Standard Chartered Bank and SBICAPS (Singapore) Ltd. to organize meetings with proposed investors.

The company, which provides financing for electrical power, is based in New Delhi.

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