PFC to issue perpetual bonds, bankers say
India's Power Finance Corp 
PFC plans to raise 5 billion rupees ($230.5 million), which includes a greenshoe option of 4 billion rupees, through the sale of perpetual bonds, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Thursday, they said. The bonds will have a call option at the end of 10 years.
PFC did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PFC | Perpetual | To be decided | 5 | July 17 | AAA (Crisil, Care) |
HUDCO | 3 years | 6.64 | 30 | July 15 | AAA (Icra, India Ratings) |
Bajaj Housing Finance | 3 years | 6.97 | 5+5 | July 16 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
