PFC Launches Rs 5,000 Crore Bond Issue, Awaits Policy Clarity on Nuclear Funding

Power Finance Corporation (PFC) has launched its third public issue of secured non-convertible debentures aiming to raise up to Rs 5,000 crore, marking its first zero-coupon bond offering by a PSU this year. Chairperson Parminder Chopra stated PFC is open to funding nuclear power projects but awaits clear government policy on viability, fuel sourcing, and power offtake. The government targets 100 GW nuclear capacity by 2047. PFC also reported improved asset quality, with net non-performing assets down to 0.37%.