PFC Secures Landmark $1.265 Billion Foreign Currency Loan to Drive Green Energy Transition
- PFC secures largest-ever foreign currency term loan by an Indian PSU, valued at $1.265 billion.
- Loan will finance assets outside of thermal generation projects, supporting PFC’s commitment to decarbonization and green energy transition.
- Multi-currency loan includes USD, EUR, and JPY, helping PFC diversify its funding sources and expand operations.
- Loan has a 5-year tenor and is linked to external benchmark rates such as SOFR (USD), EURIBOR (EUR), and TONA (JPY).
- The loan’s average interest rate is 4.21% per annum.
- SBI, IDBI, Axis, MUFG, Deutsche Bank, and SMBC served as bankers, with SBI acting as the largest lender and facility agent.
- The transaction was executed through IFSC GIFT City, Gandhinagar, strengthening PFC’s market presence.
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