Branch² Intelligence

PFC raises USD 300 mn via bonds carrying floating interest rates

IN · 2026-07-10

Key takeaway

PFC raises $300m via floating-rate bonds under its GMTN programme.

Step 1PFC raises $300m via floating-rate bonds under GMTN programme.
Step 2Lower cost of funds if RBI cuts rates, improving PFC's NIM and lending capacity.
Step 3Increased lending to power sector reduces electricity costs for SMEs over time.

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