The State-run Power Finance Corp (PFC) seeks to raise up to Rs 10,000 crore in the current financial year through public issue of bonds in two tranches. The company’s first secured, redeemable non-convertible debentures public issue offers options for tenures of 3, 5, 10 and 15 years. The issue proceeds will be used for lending purposes. According to the company’s prospectus, 75% of the proceeds would go towards onward lending and financing and refinancing of existing debt.