State-owned Power Finance Corporation’s (PFC) maiden taxable bond issue of Rs 5,000 crore for individual investors will open today (January 15, 2021) for a subscription. Coming from a public sector enterprise, it is being seen as an opportunity by many fixed-income investors for investing, especially given the current low-yield environment.
This is the first such issuance since the State Bank of India had floated a public offer about a decade ago. PFC is planning to raise Rs 10,000 crore through bonds (NCDs) in two tranches. The first tranche opens today and will close on January 29.

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