{"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:\/\/new.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":12,"featured_media":106422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52886],"tags":[],"class_list":["post-20783","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-english-news"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/20783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=20783"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/20783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/106422"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}