Power Finance Corporation Ltd has informed BSE that for raising external commercial borrowing up to U.S.$ 1 billion, the Company has mandated Barclays Bank PLC, Standard Chartered Bank and SBICAPS (Singapore) Limited to organize meetings with proposed investors in relation to issue of the Notes. The proceeds of the Notes, if and when issued, will be utilized for on-lending to the Company's borrowers in the power sector in rupee and / or foreign currency, in accordance with the rules and regulations framed by the Reserve Bank of India. The offering of the Notes may follow, subject to market conditions.<BR><BR>For the purpose, in terms of Company's Code of Conduct for regulating & reporting trading by insiders and for fair disclosure, 2015, the trading window for dealing in the securities of the Company will be closed for all designated employees and their dependent family member from June 16, 2015 till further orders.
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