Power Finance Corporation Limited (PFC) has announced the launch of a public issue of secured, redeemable, non-convertible debentures (NCDs). The issue has a base size of Rs 500 crore, with an option to retain oversubscription of up to Rs 4,500 crore, taking the total tranche size to Rs 5,000 crore. The issue opens on January 16, 2026. The issue is being launched following approvals from the Chairman and Managing Director and the Director (Finance) of…
Power Grid Corporation of India Limited has approved the issuance of unsecured, non-convertible, non-cumulative, redeemable, taxable bonds under its 82nd issue for 2025-26. The decision was taken by the company’s Committee of Directors for Bonds on August 5, 2025. The total size of the issue is up to Rs 5,000 crore, comprising a base size of Rs 1,000 crore and a green shoe option of Rs 4,000 crore. The bonds, proposed to be listed on…
Iberdrola has completed a €5 billion (USD 5.8 billion) capital raise to support its electricity grid investments in the United States and the United Kingdom. The company issued 331 million new shares through an accelerated bookbuilding process, with the offering 3.8 times oversubscribed. Shares were priced at €15.15 each. This marks Spain’s largest accelerated bookbuild since Banco Santander’s €7.5 billion raise in 2015. The funds will support a €55 billion investment opportunity in regulated electricity…
Indian Renewable Energy Development Agency Ltd. (IREDA) has raised Rs 2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilised by issuing 12.15 crore equity shares at Rs 165.14 per share. This price includes a premium of Rs 155.14 over the face value of Rs 10. The issue price reflects a 5.00% discount on the floor price of Rs 173.83 per share. The QIP opened on June 5, 2025, and closed on June…