Page 5 - Power Finance Corporation

Power Finance Corporation raises global bond issuance size to $5 billion

The company also launched issuances of $3 million worth bonds at 3.25 per cent due in 2024 and $450 million at 3.90 per cent due in 2029

PFC plans to raise up to Rs 4,000 crore in capital through tier-II bonds

At present, tier II is 3%, which PFC will hike to 5%

PFC slips 5% following Cabinet nod on merger with REC

The government has a total 58.3% stake in REC, the remainder of which is part of Bharat 22 ETF and CPSE ETF. The move will help the Centre meet its disinvestment target of Rs 800 billion for FY19

Power Finance Corporation profit surges 22% to Rs 13.73 billion in Q1

According to the filing, the company's total revenues rose to Rs 70.27 billion in the quarter, compared to Rs 67.28 billion in the year-ago period

PFC looks beyond electricity sector, eyes farm, rail and smart cities

Around 80,000 mw of power generation assets, including 14,000 mw of PFC's loan book, are under IBC proceedings

Global firms line up for buying Power Finance Corp's stressed assets

Bank of America Merrill Lynch, Edelweiss and JM Financial are some of the financing agencies that may bid for the three stressed power projects

PFC working to cut NPAs by 10%, bring them down to Rs 15 bn in FY19

In order to improve its performance, the company has aimed to increase disbursal to 92 percentage this fiscal from 91 percentage of total available funds in 2017-18

PFC's power projects with 14,000 Mw capacity to go down insolvency alley

Around 14,000 Mw of projects, involving Rs 300 bn of its loan book, under IBC route and over half of them may have to be written off

PFC, REC may be close to bottom: Credit growth, asset quality may improve

Credit growth, asset quality of companies likely to improve

Power Finance Corporation raises $400 mn via maiden green bond issue

PFC is the principal financier of Indian power sector funding the entire value chain

India's Power Fin Corp lists its first green bond on LSE in two decades

The 10-year dated green bond raised $400 million, paying a 3.75 per cent semi-annual coupon

PFC gets shareholders' nod to raise up to Rs 65,000 cr via debt

PFC is one of the leading lenders to the power sector.

PFC in the red as NPAs rise 300%

Financier reported a quarterly loss of Rs 3,409 cr; FY17 profits fell by 65% to Rs 2,126 cr

Power Finance Corporation to revamp its lending portfolio

Plans to shift gears from NPA-hit thermal to T&D and renewable energy

Tough times ahead for PFC, REC

After a weak Q4, the companies could see subdued loan growth and margin compression: Analysts

PFC Q3 net profit jumps 23% to Rs 1,949 cr

Total income has increased to Rs 7,063.08 crore in the quarter under review

PFC Q4 Profit slides by 19%, NPAs increase

Total income during the same period increased to Rs 6,787 crore in Q4FY16 from Rs 6,422.4 crore in Q4FY15