PFC issues $500 million senior unsecured bonds for more than 10 years ANI | Updated: Feb 02, 2021 17:38 IST New Delhi [India], February 2 (ANI): State-owned Power Finance Corporation (PFC) has successfully raised 500 million dollars through the issuance of US dollar denominated bonds under 'Reg S route' with a fixed maturity of May 16, 2031. This is the longest tenor bond issuance from India since the year began. The bonds have a fixed coupon of 3.35 per cent per annum, which was inside the fair value of PFC's secondary bonds. The order book amounted to 2.55 billion dollars, achieving an oversubscription of 5.1 times, according to an official statement issued on Tuesday.