PFC to decide on overseas fund-raising issue in Nov

Mumbai : Power Finance Corporation (PFC) may decide on its overseas fund-raising plan early next month. The leading power sector lender that has plans to raise $1 billion via medium-term notes (MTN) is expecting its arrangers to come up with suggestions for the issue.

“We have maintained our target to raise $1 billion this year through MTNs. Our bankers are wrapping up. They will get back to us in the first week of November," Satnam Singh, chairman and managing director of the government-controlled non-banking financial company, told Business Standard. “We will then take a call."