Power Finance Corporation (PFC) has reportedly marked its entery in the bond market to raise a minimum Rs 1.5bn for five years.
According to reports, the bond issue, which was rated ""AAA"" by both Crisil and Icra will remain open for two days and it may retain oversubscription. The company has fixed its coupon at 9.33% a year while Rural Electrification Corp is raising Rs 15bn crore at 9.28% for similar maturity.
During the year 2011-12, PFC has set a target of disbursing Rs 350bn. It plans to up the disbursal target to Rs 40,000 crore in 2012-13, reports added.