State-owned lender Power Finance Corporation (PFC) on Thursday launched its third public issue of secured, redeemable non-convertible debentures (NCDs), nearly 30 months after its previous offering.

Chairperson and Managing Director Parminder Chopra said the strong investor response to PFC’s earlier bond issuances reflects a “clear vote of confidence” in both the company and the power sector, which she described as a fundamental pillar of India’s growth and self-reliance. She added that PFC continues to act as a key financial enabler of the sector’s transition.

Through the current public NCD issue, PFC aims to raise up to Rs 5,000 crore. The issue has a base size of Rs 500 crore, along with a green-shoe option to retain oversubscription up to the overall fundraise limit.