PFC introduces 300 million euros of green bonds on the Luxembourg Stock Exchange



The public company PFC announced on Wednesday that its first green bonds of 300 million euros had been listed on the Luxembourg Stock Exchange (LSE).

PFC (CMD) President and Managing Director RS Dhillon rang the bell during the registration ceremony held at GIFT IFSC Gujarat on Wednesday, the company said in a statement.

“PFC has successfully listed its first €300 million green bond at €1.841% on the Luxembourg Stock Exchange (LSE), which is the largest green bond listing platform. The listing was made in under the cooperation agreement signed between India INX and LSE, which encompasses areas of mutual interest in green bonds and the ESG space,” he said.

In 2021, PFC had announced the issue of bonds worth 300 million euros for seven years, with which it made its first foray into European markets.

“LSE listing would help PFC strengthen its presence in the European continent and facilitate future financing to meet the green energy targets set by the Indian government,” Dhillon said.

Power Finance Corporation (PFC), under the administrative control of the Ministry of Energy, is the largest non-banking finance company (NBFC) in the power sector in India.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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