PFC tax free Bonds oversubscribed in a couple of hours

MUMBAI: The second issue of tax free bonds this financial year, from PFC of Rs 700 crore, has been oversubscribed in the first couple of hours itself. Of the total issue size, 40% is reserved for retail investors who invest up to Rs 10 lakh, with the balance being offered to HNIs, QIBs and corporates.

As per data available till 11.10 am, the retail category which had on offer bonds worth Rs 280 crore had mobilized Rs 715 crore, resulting in an oversubscription of 2.55 times.

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