Power Finance Corporation (PFC) plans to raise up to ₹5,000 crore through a public issue of non-convertible debentures (NCDs), opening on January 16. The issue, with a base size of ₹500 crore and a greenshoe option of ₹4,500 crore, offers coupon rates between 6.85% and 7.30% for tenors up to 15 years. These highly-rated bonds aim to fund lending and general corporate purposes, coming after PFC withdrew previous private placements due to market volatility and higher yield demands.