By Sarah Lizee
Olympia, Wash., Dec. 6 – Power Finance Corp. Ltd. issued $500 million of 6.15% notes due 2028, according to a term sheet.
Standard Chartered Bank, MUFG Securities EMEA plc and Barclays Bank plc are lead managers and bookrunners for the Rule 144A and Regulation S notes.
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.
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | 2028
|
| Bookrunners: | Standard Chartered Bank, MUFG Securities EMEA plc and Barclays Bank plc
|
| Coupon: | 6.15%
|
| Issue date: | Dec. 6
|
| Distribution: | Rule 144A and Regulation S
|
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