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PFC withdraws Rs 20 billion zero-coupon bond issue

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Power Finance Corporation Limited (PFC) has withdrawn its proposed zero-coupon bond issuance of up to Rs 20 billion due to weak investor demand and higher-than-expected yield quotes. The issuance was structured with a base size of Rs 5 billion and a green shoe option of Rs 15 billion. It received bids worth Rs 14.7 billion from 28 applications, with yields ranging between 6.20 per cent and 7.02 per cent. However, PFC decided not to proceed,…

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PFC, Gensol, KPIL report income growth in Q3 FY25

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Power Finance Corporation Limited (PFC) reported a net profit of Rs 77.6 billion for the quarter ending December 2024, marking a 23.29 per cent increase from Rs 62.94 billion in the same quarter last year. The company’s total income grew by 13.69 per cent to Rs 268.22 billion from Rs 235.93 billion in the corresponding period of the previous year. Gensol Engineering Limited posted a net profit of Rs 0.18 billion in Q3 FY25, reflecting…