Power Finance Corporation Secures $300 Million via Floating Rate Notes
The notes were issued under PFC's USD 8 billion Global Medium Term Note (GMTN) Programme.
These FRNs carry a 3-year maturity period and are scheduled to mature on July 16, 2029.
The bonds will be listed on NSE IFSC and India INX at GIFT City, Gandhinagar, bolstering GIFT City's position as an international financial services hub.
Key Facts / Static GK
PFC is under the administrative control of the Ministry of Power, Government of India.
GIFT City is located in Gandhinagar, Gujarat.
Practice Quiz — 11 July 2026
Q1. What long-term and short-term ratings were assigned to Federal Bank in its inaugural credit rating by S&P Global?
Q2. According to the IMF's latest World Economic Outlook Update, what is the revised GDP growth forecast for India for FY27, and what was the main reason cited for the cut?
Q3. What are India's revised FY27 GDP growth and inflation forecasts respectively, as per the ADB India Economic Outlook released in July 2026?
Q4. Who launched the newly established Letter of Authorisation (LoA) Regime aimed at regulating sustainable deep-sea fishing in India?
Q5. Which Indonesian civilian honour was recently conferred on Prime Minister Narendra Modi by President Prabowo Subianto?
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