Mumbai, Jan. 19 -- Power Finance Corporation has announced the public issue of 100 lakh Secured, Rated, Llisted, Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each. The issue also includes issuance of zero-coupon bonds of face value of Rs 1 lakh to be issued at discount.

The base size issue is Rs 500 crore, with an option to retain over-subscription up to an additional Rs 4500 crore (Green Shoe Option) aggregating up to Rs 5000 crore.

The issue is scheduled to open on 16 January 2026 and close on 30 January 2026, with an option of early closure or extension.

There are 4 series of NCDs carrying fixed coupons and having a tenure of 5 years, 10 years, and 15 years with annual and cumulative interest payment opt...