PFC to raise up to Rs 57,000 cr via debt

State-owned Power Finance Corporation (PFC) today said it will raise Rs 57,000 crore through various long-term and short-term debt instruments during in 2018-19.

In a regulatory filing, the company said that its board has approved the proposal for raising of resources under different debt segments in one or more tranches through market borrowing programme for 2018-19.

It said that Rs 20,750 crore will be raised through long-term borrowing, which will include private placements, tax free bonds and zero coupon bonds.

Power Finance Corporation also proposes to raise Rs 20,000 crore through short-term borrowing instruments.

Besides, the state-owned company also plans to raise Rs 16,250 crore through long-term foreign currency bonds.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)