State run Power Finance Corporation (PFC) plans to raise Rs. 100 crore through tax - free bonds issue that begins on Monday (18-2-2013).
The proposed issue is part of its plan to garner Rs. 5,000 crore by way of issuing tax-free securities in the current financial year (2012-13). Out of the total target, Rs 1,110 crore has already been raised.
PFC to raise Rs. 100 crore through this issue with an option to retain over-subscription up to the residual shelf limit (Rs. 3,890.25 crore) prior to March 31, 2013 according to information available with the market regulator SEBI.
The firm is also considering the raising of funds via private placements of the bonds in one or more tranches during the process of the present issue, within the residual shelf limit, at its discretion, it added.
The issue would open on yesterday and close on March 15, 2013.
The funds would be utilised towards lending purposes, debt servicing & working capital requirements, PFC said in a press release.
The bond issue would be for a period of 10 and 15 years offering an interest rate between 6.88% and 7.54% The bonds are proposed to be listed on the Bombay Stock Exchange (BSE).
ICICI Securities, Axis Capital, AK Capital Services,Kotak Mahindra Capital Company, SBI Capital Markets are acting as lead managers to the bond issue.
List of Important Functionaries of PFC
Registered Office
Power Finance Corporation Ltd.
'Urjanidhi',
1, Barakhamba Lane, Connaught Place
New Delhi-110 001
Phone No.91-11-23456000
Regional Office (West)
Power Finance Corporation Ltd.
Ground Floor, Moonlight Building,
158 Maharishi Karve Road,
Churchgate,
Mumbai-400 020
Phone No.91-22-22882440
Regional Office (South)
Power Finance Corporation Ltd.
Regional Office (South)
Module No.38 & 40,
3rd Floor, Block I,
Electronic Complex,
Thiru Vi Ka Industrial Estate
Guindy, Chennai- 600 032.
Contact person for RO (South)
V. Jeyakumar, GM, RO(S) - 044 43572725
044 22502432
044 22502464 044 22501432 (Fax) 9444023189 (Mobile)
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