Firms make beeline for raising funds from debt capital market
Business Standard|December 21, 2024
A range of institutions, including state-owned Power Finance Corporation (PFC), Punjab National Bank (PNB), Small Industries Development Bank of India (Sidbi), TATA Capital, and India Infra Debt, raised funds from the domestic debt capital market on Friday.
SUBRATA PANDA & ANJALI KUMARI

Looking ahead, several large issuers are preparing for upcoming issuances, with Power Grid Corporation of India (PGCI), Housing and Urban Development Finance Corporation (Hudco), and Indian Railway Finance Corporation (IRFC) among those scheduled to tap the market next week.

PFC raised ₹5,245 crore through bonds with two different maturities. The company raised ₹2,700 crore through 15-year bonds, maturing in 15 years and 24 days, at a coupon rate of 7.16 per cent, and ₹2,545 crore through 5-year bonds, maturing in 5 years and 23 days, at a coupon rate of 7.40 per cent, according to sources.

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