PFC withdraws three-year bond issue as yields remain elevated in market
The state-owned lender raised ₹2,500 crore through a 15-year bond at a 7.55 per cent cut-off coupon, but withdrew its three-year issue after receiving bids at higher yields Power Finance Corporation (PFC) withdrew its planned three-year bond issuance on Monday as bids came in at yields higher than the company had expected, while it…