{"id":20783,"date":"2024-10-06T16:38:53","date_gmt":"2024-10-06T11:08:53","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=20783"},"modified":"2024-10-06T16:38:53","modified_gmt":"2024-10-06T11:08:53","slug":"pfc-secures-largest-ever-foreign-currency-term-loan-of-usd-1-265-billion","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/10\/06\/pfc-secures-largest-ever-foreign-currency-term-loan-of-usd-1-265-billion\/","title":{"rendered":"PFC Secures largest-ever foreign currency term loan of USD 1.265 billion"},"content":{"rendered":"<p style=\"text-align: justify;\">PFC, a Maharatna company and leading NBFC in Indian power and infrastructure sector, is proud to announce the successful closing of issuance of largest-ever foreign currency term loan from an Indian PSU amounting to\u00a0<strong>USD 1.265 billion<\/strong>. This landmark transaction was executed through a facility agreement with multiple banks based in IFSC GIFT City, Gandhinagar.<\/p>\n<p style=\"text-align: justify;\">The loan will primarily be deployed towards financing assets other than thermal generation projects, furthering PFC&#8217;s strong commitment to decarbonization and the\u00a0<strong>transition to green energy.<\/strong>\u00a0The multi-currency funding will enable PFC to expand its operations, enhance its market presence, diversify its funding sources and maintain a competitive edge.<\/p>\n<p style=\"text-align: justify;\">The floating rate loan, presently at average rate of 4.21% per annum, denominated in G3 currencies\u2014USD, EUR, and JPY\u2014has a 5-year tenor and is linked to external benchmark rates such as SOFR for USD, EURIBOR for EUR, and TONA for JPY.<\/p>\n<p style=\"text-align: justify;\">SBI, IDBI, Axis, MUFG, Deutsche &amp; SMBC were the bankers to the issue with SBI being the largest lender and also acting as facility agent for this transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PFC, a Maharatna company and leading NBFC in Indian power and infrastructure sector, is proud to announce the successful closing of issuance of largest-ever foreign currency term loan from an Indian PSU amounting to\u00a0USD 1.265 billion. This landmark transaction was executed through a facility agreement with multiple banks based in IFSC GIFT City, Gandhinagar. The &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[16734,14177,16728,16730,16733,16731,16727,1341,16732,16729],"class_list":["post-20783","post","type-post","status-publish","format-standard","","category-business-english-news","tag-capital-markets","tag-financial-milestone","tag-foreign-currency-term-loan","tag-international-loan","tag-investment-funding","tag-loan-acquisition","tag-pfc","tag-power-finance-corporation","tag-power-sector-financing","tag-record-financing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PFC Secures largest-ever foreign currency term loan of USD 1.265 billion - Matribhumi Samachar English<\/title>\n<meta name=\"description\" content=\"PFC has successfully secured its largest-ever foreign currency term loan amounting to USD 1.265 billion, marking a significant milestone in its financing capabilities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/matribhumisamachar.com\/en\/2024\/10\/06\/pfc-secures-largest-ever-foreign-currency-term-loan-of-usd-1-265-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PFC Secures largest-ever foreign currency term loan of USD 1.265 billion - 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