By Sarah Lizee
Olympia, Wash., June 18 – Power Finance Corp. Ltd. issued $400 million of 3¾% notes due 2024 and $600 million of 4½% notes due 2029, according to a listing notice.
Barclays, MUFG Securities Asia Ltd. and Standard Chartered Bank are lead managers and bookrunners for the Regulation S notes.
Listing of the notes (//BBB-) is expected for Wednesday.
The company, which provides financing for electrical power, is based in New Delhi.
| Issuer: | Power Finance Corp. Ltd.
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Bookrunners: | Barclays, MUFG Securities Asia Ltd. and Standard Chartered Bank
|
| Issue date: | June 18
|
| Listing date: | June 19
|
| Distribution: | Regulation S
|
| Rating: | Fitch: BBB-
|
|
|
| 2024 notes
|
| Amount: | $400 million
|
| Maturity: | 2024
|
| Coupon: | 3¾%
|
|
|
| 2029 notes
|
| Amount: | $600 million
|
| Maturity: | 2029
|
| Coupon: | 4½%
|
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