Question
__________ has raised ₹6,598 crore through the
issuance of bonds wherein it has raised ₹3,500 crore through 10-year bonds at a coupon of 7.60% and ₹2,500 crore via three-year bonds at 7.64%.Solution
Power Finance Corporation raised ₹6,598 crore through the issuance of bonds. The state-owned power financier raised ₹3,500 crore through 10-year bonds at a coupon of 7.60% and ₹2,500 crore via three-year bonds at 7.64%.
With reference to Non-Banking Financial Company (NBFC), consider the following statements:
I. NBFC cannot ac...
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