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Monday, November 10, 2008

PFC to raise Rs. 300-400 cr. via bonds

Power Finance Corporation on Monday said it will raise up to Rs 400 crores through issue of bonds this week.

"We are planning to raise around Rs 300-400 crores through bonds in the next seven days," PFC CMD Satnam Singh told reporters here on the sidelines of the launch of Power Exchange India Ltd.

He said, "Against the target of Rs 19,300 crores for financing several power projects this fiscal, we have already disbursed Rs 9,800 crores."

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 10
18:25 Redbook Index (YoY) 1 4.7% 4.9%
21:00 52-Week Bill Auction 1 3.94% 3.93%
22:30 3-Year Note Auction 1 3.972% 3.824%
Wednesday, Jun 11
02:00 API Weekly Crude Oil Stock 1 -0.37M 0.70M -3.30M
04:15 Visitor Arrivals (YoY) 1 18.8% -8.4%
15:00 10-y Bond Auction 1 4.673%
16:30 MBA Mortgage Applications 1 -3.9%
18:00 Consumer Price Index n.s.a (MoM) 1 320.795
18:00 Consumer Price Index ex Food & Energy (MoM) 3 0.3% 0.2%
18:00 Building Permits (MoM) 1 2.2% -4.1%
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