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:
India's cities are often known not just by their original names but also by unique…
On May 5th, the world unites to celebrate the Portuguese language, a linguistic treasure that…
In a groundbreaking endeavor, China has launched the Chang'e-6 probe on an ambitious mission to…
Frank Shrontz, who led Boeing as its Chief Executive Officer for a decade from 1986…
Lando Norris of McLaren clinched his first-ever Grand Prix victory in a pulsating showdown at…
India, renowned for its rich cultural heritage and diverse landscapes, also boasts a thriving tea…