PFC plans to raise up to Rs 6,100 cr via bond sales

The first bond sale is likely to be a re-issuance of bonds with an original tenor of five years with a base size of ₹600 crore and a greenshoe option of ₹2,500 crore, sources aware of the development said. The tenor of the re-issuance is 1 year, ten months and ten days. The original coupon of the bonds was 7.17%. Minimum application is for ₹1 crore and thereafter in multiples of ₹10 lakh. The submission of bids is on July 10 and time for bidding is 10:30-11:30 am IST, sources said.