Categories: Business

Power Finance Corporation issues India’s first-ever Euro Green Bond

The leading power sector NBFC, Power Finance Corporation Ltd (PFC), successfully issued its maiden Euro Green Bond. The 7-year Euro 300 million Bond has been priced at 1.841 per cent. This Euro Green Bond is the first-ever Euro denominated Green bond issuance from India. It is also the first-ever Euro issuance by an Indian NBFC. With the issuance, PFC has also forayed into the European market for its international fundraising.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

PFC is witnessing a marked shift in its lending portfolio owing to stress in thermal power generation, with no new private investment in the sector. It is expected that renewable energy and transmission & distribution (T&D) would attract the bulk of the lending by PFC going forward, along with newer sectors such as lift irrigation, electric mobility and energy efficiency.

Important takeaways for all competitive exams:

Power Finance Corporation Ltd Headquarters: New Delhi;
Power Finance Corporation Ltd Founded: 16 July 1986;
Power Finance Corporation Ltd chairman and managing director: R S Dhillon.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.