Mumbai, Jan 27 (UNI) State-owned Power Finance Corporation Limited (PFC) on Monday listed its global notes on India INX’s Global Securities Market (GSM), GIFT IFSCs leading primary market platform for raising funds from global investors. The listings are of USD 750 million worth bonds at 3.950 per cent due under USD 5 billion Global Medium Term Note Programme.
Welcoming PFC’s issue, India INX MD and CEO Mr V Balasubramaniam mentioned, 'We congratulate PFC on their largest single tranche global bond issuance under the USD 5 billion Global MTN Programme which is a testimony of the positive global view on India’s growing power sector. The growing volumes of listing on India INX further helps Government of India’s vision of making IFSC a hub for Indian and global issuers & investors and reiterates our world class listing practice.'
Since launch of Global Securities Market, it has been the leading listing platform for bonds at GIFT IFSC. The Global Securities Market platform of India INX offers fund raising guidelines at par with other international venues. MTNs established on India INX platform since launch in Jan 2018 aggregate to USD 46.5 billion and listing of bonds more than USD 20.1 billion. India INX is also the first introducer of Green Securities Platform for issuance of green bonds.
