Power Finance Corporation (PFC) is set to launch its first public issue of bonds since January 2021, with the aim of raising up to Rs 5,000 crore. The issue, which will open on July 21 and close on July 28, will consist of three tranches – three-year bonds, 10-year bonds, and 15-year bonds. The portion for institutional investors will make up 10% of the issue, while non-institutional investors will also account for 10%. The share of high net worth individuals (HNIs) is earmarked at 40%, just like that of retail investors. The arrangers for the issue include Trust Investment Advisors, AK Capital Services, JM Financial, SMC Global Securities, and Edelweiss Financial Services.